Can you explain the concept of perpetual futures on FTX?

1 answers

• James KimbleSep 14, 2023 · 2 years ago
  Perpetual futures on FTX are a type of financial contract that allows traders to speculate on the future price of a cryptocurrency. These contracts have no expiration date, which means that traders can hold their positions for as long as they want. FTX, a well-known cryptocurrency exchange, offers a variety of perpetual futures contracts for different cryptocurrencies. These contracts provide traders with the opportunity to profit from both upward and downward price movements. By utilizing leverage, traders can amplify their potential gains, but it's important to be aware that leverage also increases the risk of losses. It's crucial to carefully manage risk and have a solid understanding of the market before engaging in trading perpetual futures on FTX.
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