What Are Crypto Perpetual Swaps?

Crypto Perpetual swaps are derivatives contracts that allow traders to speculate on the price of a cryptocurrency, such as Bitcoin or Ethereum, without holding the underlying asset. These contracts are similar to traditional futures contracts but do not have an expiration date. Instead, they are settled continuously, allowing traders to hold positions for as long as they wish. The way it works is that two parties agree to exchange the difference in the price of a cryptocurrency between the time…