Crypto Perpetual Futures

No. A perpetual futures position is a contract on the coin's price, and no coins are delivered to you. Your profit or loss is paid in USDT when you close the position.

A short position gains when the price falls and loses when it rises. Losses on a short have no fixed ceiling while the price keeps rising, which is why liquidation applies to shorts as well as longs.

Many traders treat crypto as one asset class, so money tends to flow into and out of it as a group. Bitcoin, the oldest and best-known crypto asset, often leads those moves, and shared drivers such as liquidity and regulatory news affect most tokens at once.

PAX Gold and Tether Gold are tokens issued on blockchains, so they sit in the crypto category. Each represents physical gold, though, so their prices follow gold rather than the crypto market.

Smaller tokens usually have less money behind them and thinner trading, so a given amount of buying or selling moves their price further. Large, widely traded coins tend to move less in percentage terms, though all crypto assets can move sharply.

No. There is no KYC and no sign-up form. You connect a wallet and sign a message to log in — self-custody wallet sign-in, with no password — then deposit USDT to start trading.

A perpetual future is a contract that tracks the price of an asset and never expires. You can go long, profiting if the price rises, or short, profiting if it falls, without owning the asset itself.

There are 75 perpetual futures markets, across crypto, gold and oil, all settled in USDT with cross margin.

No. A perpetual has no expiry date, so you can hold a position for as long as your margin covers it.

Maker orders pay 0.02% and taker orders 0.06% of the order value, on every market.

Yes. Every market is open 24/7, including gold and oil.