> For the complete documentation index, see [llms.txt](https://dipcoin-doc.gitbook.io/dipcoin/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dipcoin-doc.gitbook.io/dipcoin/tradfi-perpetuals/introduction.md).

# Introduction

The TradFi Perpetuals module brings traditional financial markets onto the platform, using the same USDC-based perpetual contract mechanism as crypto perps. All positions share a single perpetual account and trade 24/7, but with risk levels that adapt to real-world market hours, holidays, and event-driven volatility.

* **Collateral & Settlement:** USDC
* **Contract Type:** Perpetual
* **Trading Hours:** 24/7 continuous trading

#### Non-Regular Hours Limits

For regular assets such as stocks and commodities, when market status is **not** in regular trading hours(e.g., off-hours, weekend, holiday), max open order size and oi limit will be reduced (compared to regular-hour limits). 

For the pre-launch market, please read this [article](/dipcoin/tradfi-perpetuals/pre-launch-perpetuals.md).

#### Reduce-Only Mode

To manage risk during periods of lower liquidity (e.g., off-hours, weekends, holidays, pre-listing for IPO assets etc), the platform may activate **Reduce-Only mode** for TradFi perpetuals. During this time, only position reductions or closures are allowed.

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