> For the complete documentation index, see [llms.txt](https://docs.tradoor.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.tradoor.io/tradoor-user-guide-v2/how-to-trade-on-tradoor/trading-perps-101/what-is-perps-trading.md).

# What is Perps Trading?

1\. Perpetuals are crypto derivative contracts that let traders buy or sell assets without an expiration date.

2\. They can be held indefinitely and are popular for speculating on price changes.

3\. Traders often use leverage to increase potential profits, but this also raises risk.