What Are Perpetual Contracts for Bitcoin? Futures Contracts Explained10

Perpetual contracts for Bitcoin, otherwise known as perpetual swaps, are an enormously popular type of futures contract largely dominated by the exchange BitMEX. The XBT/USD perpetual swap is one of the flagship products offered by BitMEX, and is similarly provided by exchanges OKEx, Cryptofacilities, bitFlyer, and Deribit — competitors to BitMEX in offering Bitcoin derivatives products.

Bitcoin derivatives, particularly perpetual swaps on BitMEX, are surging in popularity in 2019, with the Chicago Mercantile Exchange (CME) and other Bitcoin derivatives platforms (i.e., BitMEX) all recording record or near-record volumes in the last few months.

Original source
https://blockonomi.com/perpetual-contracts-bitcoin/

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