I've encountered the term 'perps' in the context of cryptocurrency, but I'm not sure what it means. Can someone explain the definition and usage of 'perps' in the crypto world?
            
            
            
            
            
            
           
          
          
            7 answers
            
            
  
    
    NebulaPulse
    Fri Nov 01 2024
   
  
    BTCC, a top cryptocurrency exchange, offers a comprehensive range of services related to perpetual futures.
  
  
 
            
            
  
    
    Silvia
    Fri Nov 01 2024
   
  
    Unlike traditional futures contracts, perpetual futures do not require traders to own the underlying assets they are speculating on.
  
  
 
            
            
  
    
    SakuraPetal
    Fri Nov 01 2024
   
  
    This feature makes perpetual futures an attractive option for traders who wish to profit from price fluctuations without the hassle of owning the actual assets.
  
  
 
            
            
  
    
    SeoulSoul
    Fri Nov 01 2024
   
  
    Perpetual futures, also known as perps, represent a unique class of derivative contracts.
  
  
 
            
            
  
    
    EchoSolitude
    Fri Nov 01 2024
   
  
    The mechanics of perpetual futures enable traders to take both long and short positions.