Understanding Perpetual Swaps: The Driving Force Behind Crypto's Trading Landscape
Perpetual swaps, or 'perps', have become the cornerstone of the crypto trading landscape, facilitating leveraged exposure to assets like bitcoin without requiring ownership of the underlying asset. Despite their widespread adoption, the inner workings of perps remain shrouded in mystery. To grasp the concept of perps, it's essential to understand their predecessors. In traditional finance, future…