No Summary provided as the original text is short
- Perpetual futures: Crypto derivatives contracts with no expiry date, allowing traders to speculate on price movements using margin.
- USDT settlement: A trading structure where profits, losses, and margin are denominated in Tether’s U.S. dollar-pegged stablecoin.
- Leverage: Borrowed trading exposure that can amplify both gains and losses relative to the trader’s margin.