What is the meaning of perp in the crypto world?

3 answers

• RISHIKA RANYALAug 10, 2020 · 5 years ago
  Perp is short for perpetual futures contracts, which are a type of derivative product in the cryptocurrency market. These contracts have no expiration date and allow traders to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Perp contracts are popular among traders who want to take advantage of short-term price fluctuations without the need to hold the actual cryptocurrencies. They are often used for leveraged trading and can be found on various cryptocurrency exchanges.
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• bin zoJun 04, 2022 · 3 years ago
  In the crypto world, 'perp' is a slang term used to refer to perpetual futures contracts. These contracts are designed to mimic the price movements of the underlying cryptocurrency without actually owning it. Traders can use perp contracts to speculate on the price of cryptocurrencies and take advantage of both upward and downward price movements. It's important to note that perp contracts are highly leveraged, which means that they can amplify both profits and losses. Traders should exercise caution when trading perp contracts and be aware of the risks involved.
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• Manoj A nNov 09, 2020 · 5 years ago
  Perp, short for perpetual futures contracts, is a popular trading instrument in the cryptocurrency world. It allows traders to speculate on the price movements of cryptocurrencies without actually owning them. Perp contracts have no expiration date, which means that traders can hold their positions indefinitely. This makes them ideal for short-term trading strategies and taking advantage of market volatility. However, it's important to note that perp contracts are highly leveraged, which means that they can result in significant gains or losses. Traders should carefully consider their risk tolerance and trading strategy before engaging in perp trading.
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