Katana blockchain acquires IDEX and launches perpetual futures offering

Polygon-incubated Katana blockchain said it has acquired IDEX and is rolling out perps (crypto futures without expiry) as part of its product expansion.

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Terms & Concepts
  • Perpetual futures: Crypto derivatives contracts with no expiration date, allowing traders to hold leveraged positions as long as margin requirements are met.
  • Blockchain: A distributed digital ledger that records transactions across a network of computers in a tamper-resistant way.
  • Polygon: A blockchain ecosystem focused on Ethereum scaling and related infrastructure for faster and lower-cost transactions.