Perpetual Futures
Perpetual futures became dominant in crypto derivatives because they remove the need to roll positions. A perpetual future is a futures contract without an expiry date that retains futures-style tracking of the underlying asset. BitMEX com…
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Perpetual futures became dominant in crypto derivatives because they remove the need to roll positions. A perpetual future is a futures contract without an expiry date that retains futures-style tracking of the underlying asset. BitMEX commercialized Bitcoin perpetual futures in 2016–2017. Funding payments can replace expiry as the mechanism that keeps a perpetual future aligned with spot prices.