> For the complete documentation index, see [llms.txt](https://docs.position.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.position.exchange/products/trading-protocol.md).
# Perpetual Trading Protocol
## 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.
**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**](/products/trading-protocol/position-exchange-protocol-and-vamm.md)\
[**Beginner's guide**](/products/trading-protocol/beginners-guide.md)\
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You can find more details about Perpetual Trading [**here**](https://academy.binance.com/en/articles/what-are-perpetual-futures-contracts)**.**
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