> For the complete documentation index, see [llms.txt](https://crypto-bank-1.gitbook.io/crypto-bank-exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://crypto-bank-1.gitbook.io/crypto-bank-exchange/introduction/perpetual-trading.md).

# Perpetual Trading

*Perpetual trading, also referred to as perpetual swaps or perpetual contracts, is a derivative financial product that enables traders to speculate on the value of an underlying asset without a specified expiration date. While similar to futures contracts in some ways, these contracts lack a fixed expiry or settlement date. Instead, they are intended to be held indefinitely, with traders making regular payments to maintain their position.* 

*This enables traders to capitalize on price fluctuations on an ongoing basis, rather than being restricted to the expiration of a traditional futures contract. Perpetual trading is frequently used in the cryptocurrency market, where decentralized exchanges (DEXs) often provide it as a means for traders to speculate on the value of a range of digital assets.*