# Perpetual Trading Protocol

![](https://708384545-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F-Mdp4fjGfZFcARkxFmyK%2Fuploads%2FYjXUSqXXO9J03p9mskBh%2Fperptrading.png?alt=media\&token=6f825b6a-105f-4423-80c9-1973ef2df451)

## Overview

Position Exchange is introducing its Decentralized Perpetuals Trading Protocol (DPTP). A protocol that runs FULLY On-chain where there is no need for a 3rd party to maintain the Orderbook, matching engine, and offers different types of orders (Limit, Market, leveraged trading...).\
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There is no need for users to deposit funds on the smart contract, users can trade straight from their wallets. By using on-chain order books we aim to create an efficient, fair, and trustless financial market that is not controlled by any centralized organization.<br>

**Benefits of Trading on Position Exchange:**

* Highly Intuitive: Experience speed on our protocol. Trade quickly on an easy-to-use platform.
* Increased Privacy: No sign-ups required: Simply connect your wallet and you are all set.
* More Security: Trade directly with no intermediaries. More autonomy in a decentralized environment.
* Low fees: Experience low gas fees on transactions
* Easy access: Trade directly from your wallet without the need of depositing.

A detailed guide can be found here:

[**Perpetual basics**](https://docs.position.exchange/products/trading-protocol/position-exchange-protocol-and-vamm)\
[**Beginner's guide**](https://docs.position.exchange/products/trading-protocol/beginners-guide)\
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You can find more details about Perpetual Trading [**here**](https://academy.binance.com/en/articles/what-are-perpetual-futures-contracts)**.**