What is a perpetual contract?
A perpetual contract is similar to a traditional futures contract, but it has no expiration date or settlement date. It also adopts a financing fee mechanism to tie its price to the spot market. You can open or close your positions based on your forecasts and profit from price fluctuations.
The first perpetual contracts available on CoinEx are BTC / USD. Other contracts will be issued later, such as BCH / USD, ETH / USD, etc. All contracts are valued in US dollars, and the insurance fund, PNL, is calculated in the corresponding coin.
First Perpetual Contract Market:
BTC / USD: https://www.coinex.com/perpetual