What is the meaning of perpetual contract?

During these settlement periods, if the perpetual contract's price surpasses the underlying spot price, a funding fee is incurred. This fee is paid by the long side of the contract to the short side, essentially balancing out the difference between the two prices.

Perpetual contracts cater perfectly to the need for financial instruments without a fixed expiration date. Unlike traditional futures contracts, perpetuals do not possess a termination point, making them an ideal choice for those seeking continuous trading opportunities.

The mechanism behind perpetual contracts' everlasting nature lies in their settlement process. Every eight hours, these contracts undergo a "settlement" where the terms are adjusted to reflect current market conditions. This ensures that perpetual contracts remain relevant and aligned with the ever-changing financial landscape.

BTCC, a leading cryptocurrency exchange, offers a comprehensive range of services that cater to the needs of both new and experienced traders. Among its diverse offerings, BTCC provides access to perpetual contracts, allowing users to engage in continuous trading without the constraints of traditional futures.

In addition to perpetual contracts, BTCC also boasts a robust spot market, where users can buy and sell cryptocurrencies at current market prices. Furthermore, the exchange offers a secure wallet service, enabling users to store their digital assets safely and access them whenever needed.