How does dydx perpetual futures work?

1 answers

• tuttmMay 02, 2024 · a year ago
  At BYDFi, we also offer perpetual futures contracts for various cryptocurrencies. Our perpetual futures work similarly to dydx perpetual futures, allowing traders to speculate on the price movements of cryptocurrencies without owning the underlying assets. We use a funding mechanism to keep the contract's price in line with the spot price, ensuring fair and efficient trading. Traders can go long or short on the price of a cryptocurrency and enjoy the benefits of leverage. However, it's important to understand the risks involved and to trade responsibly. Our platform provides advanced trading features and a user-friendly interface to enhance the trading experience.
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