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Perpetual DEX

Definition

A Perpetual DEX is a decentralized exchange allowing trading of perpetual contracts for digital assets. These platforms enable users to trade derivatives that do not have an expiration date, often with leverage, directly from their self-custodial wallets. Unlike traditional centralized exchanges, Perpetual DEXs operate on blockchain technology, ensuring transparency and censorship resistance in trading operations. They provide exposure to price movements of underlying assets without requiring direct ownership.