## What Is Perpetual? Understanding the Difference Between Perpetual Contracts and Fixed-Term Contracts
**What is Perpetual?** It is a type of perpetual futures contract—a cryptocurrency derivative that allows investors to maintain open positions indefinitely. Unlike traditional fixed-term contracts, perpetual contracts offer greater flexibility but also involve different mechanisms that need to be understood.
## No Expiration Date - What Makes the Basic Difference?
The main difference between fixed-term contracts and perpetual contracts lies in whether there is an expiration date. Fixed-term
View Original**What is Perpetual?** It is a type of perpetual futures contract—a cryptocurrency derivative that allows investors to maintain open positions indefinitely. Unlike traditional fixed-term contracts, perpetual contracts offer greater flexibility but also involve different mechanisms that need to be understood.
## No Expiration Date - What Makes the Basic Difference?
The main difference between fixed-term contracts and perpetual contracts lies in whether there is an expiration date. Fixed-term