Definition ∞ A perpetual contract DEX is a decentralized exchange that allows trading of perpetual futures contracts without an expiration date. These platforms enable users to trade with leverage and speculate on price movements of underlying assets. They operate on blockchain technology, offering peer-to-peer trading without central intermediaries.
Context ∞ Perpetual contract DEXs are a rapidly growing segment of decentralized finance, attracting significant attention for their innovative trading products and censorship resistance. Regulatory scrutiny surrounding derivatives and leverage in decentralized environments remains a key discussion point. News often covers the trading volumes, new features, and security audits of these platforms.