Cryptocurrency Q&A
What is btcusdt perp?
What is btcusdt perp?
HanRiverVisionaryWaveWatcher
Mon Feb 24 2025
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5
answers
1070
I heard about btcusdt perp and I'm wondering what it is. I know it's related to cryptocurrency, specifically Bitcoin and Tether, but I'm not sure how it works or what the 'perp' stands for. Can someone explain?
5 answers
Lucia
Wed Feb 26 2025
The settlement currency of BTCUSD perpetual contrasts with traditional perpetual contracts, which are usually settled in the quoted currency, such as USD.
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SsamziegangSerenadeMelody
Wed Feb 26 2025
It's important to note that the funding rate for BTC perpetuals is often set at 0.01%. This rate is a crucial component of perpetual contracts, as it helps to align the interests of buyers and sellers.
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PulseWind
Wed Feb 26 2025
However, it's essential to understand that the funding rate isn't fixed and can fluctuate over time. Market conditions, trading activity, and other factors can impact the funding rate.
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InfinityEcho
Wed Feb 26 2025
BTCC is a leading cryptocurrency exchange that offers a wide range of services. Its platform includes spot trading, futures trading, and a secure wallet service. These services cater to the diverse needs of cryptocurrency traders and investors.
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Chiara
Wed Feb 26 2025
BTCUSD perpetual is classified as an inverse perpetual. This implies that its settlement is conducted in BTC rather than USD or USDT.
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