Contracts, especially perpetual contracts, are the most profitable, lucrative, and inspiring innovation in the cryptocurrency industry Let's break down why contracts are the greatest 'financial innovation' in the cryptocurrency industry: ✅ 1、 What is the essence of cryptocurrency contracts? Perpetual contracts refer to "betting" products that are indefinite, traded at any time, and not deliverable; It combines the volatility of traditional financial futures, foreign exchange leverage, and cryptocurrencies; Core features: high leverage+high volatility+7 × 24-hour trading+no delivery required+no physical delivery required ✅ 2、 What has the cryptocurrency contract changed? 1. Activated massive speculative demand Retail investors can bet 10 times, 20 times, or even 100 times on price fluctuations with 1U; Rapid amplification of returns in bull markets and rapid liquidation in bear markets; Like a casino, but more 'fair' than a casino - everything is open and transparent, the rules are simple, and real-time gameplay is available. 2. Make the exchange a "money printing machine" The platform achieves ultra-high profits through arbitrage of transaction fees, liquidation, slippage, and fund rates; Binance, OKX, and Bybit rely on contracts to make ends meet, and their revenue is tens of times higher than that of spot trading; Most exchanges generate over 80% of their profits from contract products. 3. Created a unique content ecosystem in the cryptocurrency industry All KOLs, communities, live streaming rooms, and quantitative robots form an industry chain around contracts; K-line, emotions, public opinion FOMO、 Data stations are all contract services; Behind every bullish candlestick, there are billions of dollars in overstocking and adding positions. ✅ 3、 Why is it called 'great innovation'? 👉 It not only replicates traditional finance, but also subverts and optimizes the futures experience. ✅ 4、 Reflection: It is' great ', but also' dangerous' 📈 It has stimulated the wealth dreams of retail investors, but also destroyed the capital of many people; 🏦 It has made the platform rich, but it has also triggered regulatory intervention, legal conflicts, and KYC crackdowns; 🔥 It is the most profitable model in the cryptocurrency industry, but it is also the most prone to price manipulation, user liquidation, and extreme market conditions; ✅ In summary: The contract of the cryptocurrency circle is not simply a "speculative tool". It is the engine of the cryptocurrency circle, the opium of users, the gold mine of the platform, and the stage of KOLs. It not only ignited an era, but also buried the seeds of foam.