Perpetual futures trading in the NEAR ecosystem by Ref Finance A futures contract is an agreement to buy or sell a commodity, currency or other instrument at a predetermined price at a specific time in the future. Unlike a traditional spot market, in a futures market, trades are not "settled" instantaneously. Instead, two counterparties will trade a contract, which defines the settlement at a future date. In addition, a futures market does not allow users to directly buy or sell the commodity or digital asset. Instead, they are trading a contractual representation of them, and the actual trading of assets (or cash) will occur in the future, when the contract is executed. #News #NMN NEAR Media & News @nearmedia.near NEAR Media & News