Can you provide an explanation of perpetual futures on Binance?

9 answers

• Daniel DoyonJan 12, 2022 · 4 years ago
  Sure! Perpetual futures are a type of derivative contract that allows traders to speculate on the price movements of cryptocurrencies without actually owning the underlying asset. On Binance, perpetual futures contracts are settled in the USDT stablecoin. These contracts have no expiration date, which means traders can hold their positions for as long as they want. The contract's price is closely tied to the spot price of the underlying cryptocurrency, and it uses a funding mechanism to ensure that the contract's price stays close to the spot price. Traders can go long (buy) or short (sell) perpetual futures contracts, depending on their market outlook.
  661

  331
• sayed9609Feb 18, 2025 · 5 months ago
  Perpetual futures on Binance work similarly to traditional futures contracts, but with some key differences. Unlike traditional futures, perpetual futures do not have an expiration date, which means traders can hold their positions indefinitely. Additionally, perpetual futures use a funding mechanism to maintain the contract's price close to the spot price. This funding mechanism ensures that the contract's price does not deviate significantly from the spot price and helps prevent market manipulation. Binance offers a wide range of perpetual futures contracts for various cryptocurrencies, providing traders with ample opportunities to profit from price movements.
  670

  224
• Anon93474356Jul 23, 2021 · 4 years ago
  As an expert at BYDFi, I can provide you with a detailed explanation of perpetual futures on Binance. Perpetual futures are derivative contracts that allow traders to speculate on the price of cryptocurrencies without owning the underlying assets. On Binance, these contracts are settled in USDT and have no expiration date. They are designed to closely track the spot price of the underlying cryptocurrency and use a funding mechanism to ensure that the contract's price stays in line with the spot price. Traders can take long or short positions on perpetual futures, depending on their market predictions. Binance offers a user-friendly interface for trading perpetual futures, making it accessible to both experienced and novice traders.
  741

  186
• Joel AmpuanDec 12, 2022 · 3 years ago
  Perpetual futures on Binance are a popular trading instrument for cryptocurrency enthusiasts. These contracts allow traders to speculate on the price movements of cryptocurrencies without actually owning them. Unlike traditional futures contracts, perpetual futures do not have an expiration date, which means traders can hold their positions for as long as they want. Binance offers a wide range of perpetual futures contracts for various cryptocurrencies, providing traders with ample opportunities to profit from both bullish and bearish market conditions. The platform also provides advanced trading features, such as leverage and stop-loss orders, to enhance traders' strategies and risk management.
  704

  141
• saksham chahalFeb 13, 2023 · 2 years ago
  Perpetual futures on Binance are a great way for traders to gain exposure to the cryptocurrency market without actually owning the underlying assets. These contracts allow traders to speculate on the price movements of cryptocurrencies, such as Bitcoin and Ethereum, using leverage. Unlike traditional futures contracts, perpetual futures do not have an expiration date, which means traders can hold their positions for as long as they want. Binance offers a user-friendly interface for trading perpetual futures, making it accessible to both experienced and novice traders. The platform also provides comprehensive trading tools and resources to help traders make informed decisions.
  684

  114
• danavdNov 04, 2024 · 9 months ago
  Perpetual futures on Binance are derivative contracts that enable traders to profit from the price movements of cryptocurrencies without actually owning them. These contracts have no expiration date, which means traders can hold their positions for as long as they want. Binance offers a wide range of perpetual futures contracts for various cryptocurrencies, including Bitcoin, Ethereum, and more. Traders can go long or short on these contracts, depending on their market predictions. Binance provides a secure and reliable trading platform for perpetual futures, ensuring a seamless trading experience for users.
  615

  88
• sanjit singhFeb 23, 2022 · 3 years ago
  Perpetual futures on Binance are a type of derivative contract that allows traders to speculate on the price movements of cryptocurrencies. These contracts have no expiration date, which means traders can hold their positions for as long as they want. Binance offers a variety of perpetual futures contracts for popular cryptocurrencies, such as Bitcoin and Ethereum. Traders can go long or short on these contracts, depending on their market outlook. Binance provides a user-friendly interface and advanced trading features, such as leverage and stop-loss orders, to enhance traders' trading strategies and risk management.
  624

  78
• Anushika GuptaFeb 01, 2024 · a year ago
  Perpetual futures on Binance are a popular trading instrument for cryptocurrency traders. These contracts allow traders to speculate on the price movements of cryptocurrencies without actually owning them. Binance offers a wide range of perpetual futures contracts for various cryptocurrencies, providing traders with ample opportunities to profit from market volatility. Traders can go long or short on these contracts, depending on their market predictions. Binance provides a secure and reliable trading platform for perpetual futures, ensuring a seamless trading experience for users.
  588

  66
• SonyaOct 05, 2021 · 4 years ago
  Perpetual futures on Binance are a type of derivative contract that allows traders to profit from the price movements of cryptocurrencies without owning the underlying assets. These contracts have no expiration date, which means traders can hold their positions for as long as they want. Binance offers a wide range of perpetual futures contracts for various cryptocurrencies, providing traders with diverse trading options. Traders can go long or short on these contracts, depending on their market outlook. Binance provides a user-friendly trading interface and advanced trading features to cater to the needs of both experienced and novice traders.
  651

  66