Before we find out, lets look at the following definitions
What is a decentralized exchange?
A decentralized exchange is an exchange that operates without a central authority. decentralized exchanges are considered to be very safe because there is no single point of failure as it is devoid of human emotions and errors.
DEX’s also use smart contracts to facilitate transactions on its peer-to-peer platform, this could mean that the exchange could benefit from the added layer of security because of the inherently cryptographic nature of blockchain technology.
what is futures trading?
A futures exchange or futures market is a central financial exchange where people can trade standardized futures contracts defined by the exchange.
Trading futures can only be done via centralized exchanges like binance, kucoin e.t.c but of recent, PancakeSwap, the largest decentralized exchange built on binance smart chain has decided to the launch a new feature on its decentralised (dex) trading platform that would allow users to trade futres.
PancakeSwap perpetual trading features was launched in partnership with ApolloX, a dex perpetual service provider. Traders on PancakeSwap can enjoy deep liquidity and tight spread on a wide selection of futures contracts right away.
The trading infrastructure is designed with off-chain order-book matching and on-chain settlement, allowing important trading features like different types of orders (e.g. limit order, stop limit, post only) while maintaining the privacy and security of a DEX — i.e. does not require KYC, no intermediaries to interact with smart contracts.
PancakeSwap Perpetual Trading Features:
Depositing $CAKE will give traders a 5% discount on trading fees.
High security and anonymity of users
No KYC is required to interact with smart contracts