What does perpetual trading mean?

Perpetual contracts are derivative contracts similar to futures that have no expiration date or settlement , allowing them to be held or traded for an indefinite amount of time. … Unlike futures, perpetual contracts trade close to the index price of the underlying asset due to perpetual funding rates.

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What are DeFi perpetual futures?

The DEFI/USDT Composite Index perpetual contract is a USDT-margined futures contract that uses USDT as collateral . Users will be able to select between 1-50x leverage. Please note: “DEFI” is a ticker representing “Decentralized Finance” and not the ticker of a separate token.

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What is DeFi index Binance?

DeFi index futures are tradable assets offered on Binance under the USDT-margined perpetual futures product line. … Thus, the DeFi index is designed to track the overall DeFi performance of cryptocurrencies available on Binance. Its value is calculated with a weighted average price of its components.23 Kas 2021

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