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Former FTX US President Secures $35 Million for Perpetuals Exchange

The funding backs a new trading platform focusing on perpetual contracts for traditional assets, according to The Information.

Summary

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Terms & Concepts
  • Perpetual contracts: Derivative instruments without expiry, allowing continuous trading of assets.
  • FTX US: The U.S.-based arm of cryptocurrency exchange FTX, offering trading services to American clients.