# Futures

### What is Coin98 Futures (Perps)?

Coin98 Futures (Perps) are derivative contracts that allow you to trade cryptocurrency price movements with leverage, without holding the actual asset. Perps enable leveraged trading, allowing users to open larger positions with a smaller amount of capital and profit from both rising (long) and falling (short) markets.

While Perps provide flexibility and opportunities, they also involve significant risks due to leverage and market volatility. It is essential to manage margins carefully and utilize Take Profit and Stop Loss orders to minimize potential losses.

Perps on Coin98 Super Wallet are natively integrated, providing a fast and mobile-friendly trading experience, supported by Hyperliquid’s infrastructure.

### How Perpetual Futures Work

* **Leverage Trading**\
  Traders can amplify their positions by borrowing funds, increasing both potential profits and risks.
* **Long and Short Positions**
  * Long: Profit when the price increases
  * Short: Profit when the price decreases
* **Funding Mechanism**\
  A periodic funding fee keeps perpetual contract prices aligned with the spot market.

### Key Features of Perps on Coin98

* **Native Integration**\
  Trade directly within Coin98 Super Wallet without using external platforms.
* **Powered by Hyperliquid**\
  High-performance infrastructure for fast and efficient order execution.
* **Mobile-Optimized and Desktop-Convenience Trading**\
  Designed for seamless trading experience on mobile devices.
* **Advanced Order Types**\
  Includes Take Profit and Stop Loss to manage risk effectively. 

### Benefits of Perpetual Futures Trading

1. Trade without owning the asset
2. Access higher capital efficiency through leverage
3. Profit in both bull and bear markets
4. Continuous trading without expiration dates

### But you need to aware about the risks of Futures Perps

Perpetual futures trading involves significant risk due to leverage and market volatility.

* **Liquidation Risk:** Positions can be automatically closed if margin requirements are not met.
* **High Volatility:** Crypto markets can move rapidly, leading to large gains or losses.
* **Leverage Amplification:** While leverage increases profits, it also magnifies losses.

### FAQ

**Do I need to own crypto to trade Perps?**\
No, you only need collateral to open positions.

**What is leverage in crypto futures?**\
Leverage allows traders to control larger positions with smaller capital.

**Can I lose more than my initial investment?**\
Depending on the platform and leverage used, losses can exceed initial margin if not managed properly.


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