What are Perpetual Futures (Perps)?

If you only traded spot (https://t.me/BlumCryptoTradingBot?startapp), Perps might sound confusing. They're not.
You can use Perps to go long, short, or trade with leverage – all without owning the actual token.

Let's break it down 👇
www.blum.io/post/what-are-perps

⚖️ Spot vs Futures vs Perps
・ Spot: you buy the coin and hold it
・ Futures: you bet on price going up or down, but the contract has an expiry
・ Perps: same as futures, but no expiry
You can hold a Perp position as long as you want.

ℹ️ So how do Perps work?
You open a position:
📈 Long if you expect the price to rise
📉 Short if you expect it to fall
No need to own the token.
You can also use leverage (borrow from the exchange) – e.g. $100 → $1,000 with 10x. But remember: you can lose more than you invested.

🧠 What's the funding rate?
It's a fee paid between traders.
・ If more people are long → longs pay shorts
・ If more people are short → shorts pay longs
This helps keep the Perp price close to the real market price.

🙇‍♂️ Why do people use Perps?
・ To protect their holdings from drops (hedging)
・ To bet on price going down (shorting)
・ To trade bigger with small balance (leverage)
・ To catch small moves in the market (scalping)
It gives more control than just holding tokens.

And the juiciest part: Blum is bringing Perps straight to Telegram ✈️
✳️ Long and short trades
✳️ Leverage included
✳️ All inside the Telegram mini app (http://t.me/blum)
✳️ Smooth, fast, simple
No browser. No logins. Just open Telegram and trade.

Coming soon – stay tuned 👀