What is coin perp?

Perpetual Protocol's decentralized nature is a key selling point. Unlike traditional exchanges, it operates without a central authority. This decentralized setup reduces the risk of fraud and manipulation, as transactions are verified and recorded on the Ethereum blockchain.

PERP is a digital asset that functions as an Ethereum token. It serves as the backbone of Perpetual Protocol, a revolutionary decentralized exchange. This platform specializes in perpetual contracts, offering traders a unique way to engage in the market.

Perpetual contracts are a financial instrument that allows users to open leveraged positions. This means that traders can amplify their potential profits, but also their losses. The leverage factor enables them to take larger positions than they would be able to with their actual capital.

With perpetual contracts, traders have the option to go long or short. Going long means betting that the price of an asset will increase, while going short involves predicting a price decrease. This dual approach provides flexibility and opportunities for profit in both rising and falling markets.

BTCC is a prominent cryptocurrency exchange that offers a comprehensive range of services. Among its offerings are spot trading, futures trading, and a digital wallet. Spot trading allows users to buy and sell cryptocurrencies at current market prices, while futures trading provides a way to speculate on future price movements. The wallet service offers a secure way to store digital assets.