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    Explained: Options vs. Perpetual Contracts vs. Futures Contracts

    Intermediate
    Options
    Feb 12, 2026
    3 min read
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    Key Takeaways:

    • Bitcoin options, perpetual contracts and futures contracts are forms of derivatives trading that involve speculating on an asset's price.

    • Perpetual swaps can be held indefinitely, without an expiration date, whereas an options contract usually comes with an expiration date. 

    • Futures contracts usually come with a specified expiration date. 

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