What is perpetual trading in Binance?

Perpetual trading in Binance refers to trading perpetual futures contracts, which are derivatives that allow traders to speculate on the price movements of cryptocurrencies without actually owning them. These contracts have no expiry date, allowing traders to hold positions indefinitely. Binance offers high leverage options, enabling traders to amplify their potential profits, but also increasing the risk of losses. Traders can go long or short, speculating on rising or falling prices.