Understanding Perpetual Swaps: The Driving Force Behind Crypto's Hottest Trading Instrument
Perpetual swaps, also known as 'perps', have become the go-to trading instrument for crypto enthusiasts, offering a unique way to gain leveraged exposure to assets like bitcoin without actually owning them. 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 origins. In traditional finance, fu…