What Is a Cryptocurrency Perpetual Contract?

A cryptocurrency perpetual contract is a type of futures contract that has no expiration date. This means that a trader can hold a position for as long as they like, without having to worry about the contract expiring.

Perpetual contracts are designed to track the price of the underlying cryptocurrency, and they are traded on a number of different exchanges. They are a popular instrument for traders who want to speculate on the price of cryptocurrencies without having to own the underlying asset.