Perpetual decentralized exchanges (DEX) are seeing massive trading volume and popularity increase in 2024. This article explores what perpetual trading is, its key benefits, and how The True Trade platform is revolutionizing it in decentralized finance (DeFi).
What is Perpetual Trading?
Perpetual trading uses perpetual futures contracts to allow traders to trade assets like Bitcoin or Ethereum without owning them. These contracts do not expire, allowing indefinite holding. It is popular in the crypto sector for its flexibility, liquidity, and leverage options.
What Benefits Does Perpetual Trading Bring?
One key advantage of perpetual contracts is the absence of an expiration date. This allows traders to hold positions for any duration. The funding rate mechanism balances the market, and leverage enables managing larger positions with less capital.
How The True Trade Platform is Revolutionizing Perpetual Trading in DeFi
The True Trade is a decentralized exchange on BNB Chain designed for perpetual trading. Noteworthy is its gasless trading, which cuts costs. It also offers high leverage up to 1001x and allows short-term price movements prediction, enhancing trading flexibility.
Perpetual DEXs continue to grow, offering traders more control and opportunities. Their significant rise in trading volumes and open interest underscores the future of this trading form in the crypto sector.
