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Crypto

Broker

Perpetual Protocol

About Company

Overview

Information

Review

Summarization

Perpetual Protocol

Taiwan

2019 (6 Years)

130 Reviews

Safe

3.62/5

Provided by TrustFinance

License

0.00

Verification on TrustFinance

0.00

Traffic & Engagement

2.67

Provided by TrustFinance

License

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

License

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Company Information

Get to know Perpetual Protocol

Perpetual Protocol is a private company that has been in the industry for 3 years. The company currently specializes in the Internet, Blockchain, Application Software, Internet Software areas. The position of the Co-Founder is occupied by Yenwen Feng. Its headquarters is located at Taipei City, Taipei County, TW. The number of employees ranges from 1 to 25. The annual revenue of Perpetual Protocol varies between 100K and 5.0M. Total funding of the company - $1.8M. To connect with Perpetual Protocol employee register on SignalHire.

HQ Location

Taipei

Reviews

Highlight Review

Review Analytic

Zainab Muhammad Munir

Direct review

Excellent

Overall Thought

Perpetual Protocol excels as a revolutionary decentralized trading platform. With its unique perpetual contracts, low fees, and efficient trading experience, it's a game-changer for crypto derivatives. The platform's commitment to transparency, security, and continuous development positions Perpetual Protocol as a standout in the DeFi landscape.

Aug 29, 2023

muhammedoasis8

Direct review

Excellent

Overall Thought

Perpetual Protocol is an innovative and reliable company in the cryptocurrency space. With a user-friendly platform and a team of knowledgeable professionals, they provide seamless and secure decentralized trading options. The platform's design allows for efficient and low-cost transactions, giving users a convenient and rewarding trading experience. Perpetual Protocol's commitment to transparency and customer satisfaction makes them a trustworthy choice for crypto enthusiasts.

Aug 29, 2023

Manada Bakori

Direct review

Excellent

Overall Thought

Perpetual Protocol is an exceptional decentralized trading platform that has truly redefined the landscape of perpetual swaps and derivatives trading. With its innovative approach and user-friendly interface, Perpetual Protocol provides traders with unparalleled opportunities to engage in efficient and secure trading.

Aug 29, 2023

Social Scout

See what Social Scout found of Perpetual Protocol

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Perpetual Protocol

Reviews

| Total 130

Reviews

| Total 130

AI Review analysis

Let’s TrustFinance AI Summarize all the reviews for you.

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Gentle

Direct review Dot icon

2 Sep

Overall Thought

Excellent

This app is so legit and powerful most of time they always do giveaway Wich I so much love them for that they have the rate

chelseagervase

Direct review Dot icon

30 Aug

Overall Thought

Excellent

Perpetual protocol is a good trading app that help users trade safely. Its actually the best to recommend to beginners.

sashatayo57

Direct review Dot icon

30 Aug

Overall Thought

Excellent

Perpetual Protocol is a good trading platform that gives the best trading platform so fast and good without any stressed

clairemorgan936

Direct review Dot icon

29 Aug

Overall Thought

Excellent

This is a very reliable crypto trading platform. It has great features and good customer services.

Zainab Muhammad Munir

Direct review Dot icon

29 Aug

Overall Thought

Excellent

Perpetual Protocol excels as a revolutionary decentralized trading platform. With its unique perpetual contracts, low fees, and efficient trading experience, it's a game-changer for crypto derivatives. The platform's commitment to transparency, security, and continuous development positions Perpetual Protocol as a standout in the DeFi landscape.

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Summarization

Perpetual Protocol Crypto Exchange Review

Overview and General Information

Perpetual Protocol, founded in 2019 by Yenwen Feng, is a decentralized finance (DeFi) platform based in Taipei City, Taipei County. It operates as a decentralized exchange (DEX) focusing on perpetual futures contracts. Unlike traditional centralized exchanges, Perpetual Protocol operates on the blockchain, offering transparency and immutability. While it doesn't hold traditional financial certifications, this is typical for DeFi platforms that are built and operate within the decentralized ecosystem. Its decentralized nature inherently carries certain risks, which will be discussed later. The platform’s architecture is designed to promote security and transparency through on-chain execution of trades.

Products and Services Offered by Perpetual Protocol Crypto Exchange

Perpetual Protocol's primary offering is its on-chain perpetual futures DEX. This allows users to trade perpetual contracts—contracts with no expiration date—on various crypto assets. The DEX boasts deep liquidity, ensuring users can efficiently enter and exit positions. A key aspect is its composability, making it easily integrable with other DeFi applications and protocols. The platform also offers leveraged spot trading on other decentralized exchanges (DEXs), expanding trading possibilities for users. This feature allows users to amplify their potential gains (and losses) by employing leverage. Understanding the implications of leverage is crucial before utilizing this feature.

Product Features and Conditions

Perpetual Protocol's key features include: * **Leveraged Trading:** Users can amplify their trading positions using leverage. This magnifies potential profits but also increases the risk of significant losses. Understanding risk management principles is essential when leveraging. * **Concentrated Liquidity:** Perpetual Protocol v2 introduced concentrated liquidity provided by market makers. This innovation enhances trading efficiency and potentially reduces slippage (the difference between the expected price and the actual execution price of a trade). * **Decentralized Finance (DeFi) Focus:** The platform fully embraces the DeFi ethos, building on-chain and promoting transparency, security, and composability. This approach appeals to users seeking decentralized trading solutions. Users should be aware that utilizing leveraged trading carries significant risk. Losses can quickly exceed initial investments if market conditions move against the user's position. Careful risk management, including position sizing and stop-loss orders, are paramount. The platform's decentralized nature also means that there is no central authority to intervene in case of unforeseen circumstances or technical issues.

Contact Channels and Customer Support

Direct contact methods such as email addresses or phone numbers are not readily available on the Perpetual Protocol website. Support primarily relies on community resources, online forums, and the platform's comprehensive documentation. While this decentralized approach can create a robust and collaborative support network, it might not be ideal for users who prefer immediate, direct assistance. Response times to queries are likely to vary based on community activity and the complexity of the issue.

Pros and Cons of Perpetual Protocol Crypto Exchange

Pros

* **Deep Liquidity:** The platform's deep liquidity ensures smooth execution of trades, even for large orders, minimizing slippage and price impact. * **Composability:** Perpetual Protocol's builder-ready design allows seamless integration with other DeFi projects, creating a dynamic and interconnected ecosystem. * **Decentralized Operations:** On-chain operations enhance transparency and security by eliminating reliance on a central authority.

Cons

* **Complexity:** Leveraged trading and other advanced features might prove challenging for novice crypto traders. A thorough understanding of the platform and market dynamics is essential before trading. * **Security Risks:** While operating on a decentralized, transparent blockchain mitigates certain risks, smart contract vulnerabilities and market volatility remain inherent risks within the DeFi space. Users should be aware of these risks and take appropriate precautions.

Summary of Perpetual Protocol Crypto Exchange Review

Who is it Best Suited For and Why?

Perpetual Protocol is best suited for experienced traders and developers familiar with the intricacies of decentralized finance and comfortable navigating the risks inherent in the DeFi landscape. The platform’s advanced features, particularly its composability and deep liquidity, are valuable assets for those with sophisticated trading strategies.

Final Thoughts on Value and Choosing the Company

Perpetual Protocol provides significant value to users who prioritize decentralized trading with deep liquidity and composability. However, the platform's complexity and inherent security risks should be carefully considered before engaging in trading activities. Users should conduct thorough research, understand the potential risks, and implement robust risk management strategies to minimize potential losses.

Frequently Asked Questions about Perpetual Protocol Crypto Exchange

While a dedicated FAQ section might not be prominently featured on the Perpetual Protocol website, information can be gleaned from the platform's documentation, community forums, and various online resources. Common questions typically revolve around trading mechanics, security protocols, supported assets, and the intricacies of leverage utilization. Thorough research into these areas is highly recommended before engaging in trading activities. Actively engaging with the community can also provide answers to specific user questions and concerns.

Key Takeaways

* **Deep Liquidity & Composability:** Perpetual Protocol offers a deep liquidity pool and its design facilitates easy integration with other DeFi protocols. * **Leveraged Trading & Risks:** Leverage significantly amplifies both potential profits and losses. Understanding and managing risk is crucial. * **Decentralized Nature:** The platform's decentralized nature presents security advantages but also introduces certain complexities and risks. * **Advanced Users:** Perpetual Protocol is best suited for sophisticated users comfortable with DeFi and its associated risks. * **Community Support:** Support largely relies on community resources and online documentation.

References

[1] https://www.owler.com/company/perpetualprotocol
[3] https://www.cbinsights.com/company/perpetual-protocol/people
[5] https://perp.com

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