Perpetual futures are leveraged derivative products and can result in significant losses. The key risks include:
Leverage: Leverage magnifies both potential gains and losses.
Liquidation: A position may be liquidated if the available margin is insufficient to support the position.
Funding: Funding rates can change and may result in a debit or credit while you hold a position.
Market conditions: Spreads, liquidity and prices can change rapidly. The perpetual futures price may differ from the underlying reference price.
Market volatility: Prices can move significantly, including outside regular market hours.
No ownership: Trading perpetual futures does not give you ownership of or rights to the underlying asset.
Synthetic and Pre-IPO instruments: These instruments may be subject to significant price movements and additional product-specific risks.
Platform availability: Maintenance, technical issues or outages may affect your ability to open, close or manage a position.
Before trading, review the applicable product information, leverage, margin requirements, fees and other trade details shown on the platform. Make sure you understand the risks and terms of the product before placing a trade.
