UPS Provident blockchain Ethereum Platform

Top Perps Trading Platforms to Watch in 2023

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cryptonews.com

Disclaimer: The text below is an advertorial article that is not part of  Cryptonews.com  editorial content. Perpetuals trading has become increasingly popular in recent times, as a way for competent traders and crypto enthusiasts to profit, even in a bear market.

This has resulted in decentralized exchanges (Perps DEXs) gaining a lot of attention over the last year. The collapse of FTX expedited the rush to DEXs as confidence in centralized entities dwindled.The market for perpetuals is enormous.

In the previous year, daily traded volume on CEXs was between $100 and $200 billion, with the daily volume for DEXs ranging from $200 million to $400 million.

Due to the perceptions that DEXs are less user-friendly, they fall behind CEXs, but the tides are turning as users favor security.

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