User benefits
Katana Perps is designed to give traders the best of both centralized and decentralized exchanges — without the compromises typically associated with either.
Speed Without Sacrifice
Most decentralized exchanges force traders to choose between security and performance. On-chain order books are transparent but slow. Centralized exchanges are fast but require you to hand over your funds.
Katana Perps eliminates this trade-off. The off-chain matching engine delivers millisecond-latency execution — fast enough for active trading strategies like scalping and market making — while the Katana blockchain smart contracts ensure you never lose custody of your assets.
Self-Custody of Funds
Your funds are held in a smart contract on the Katana blockchain, not by the exchange. Every trade must be cryptographically signed by your wallet, and withdrawals can only be sent back to you. There is no scenario in which the exchange can unilaterally move or freeze your assets, and a built-in wallet exit function guarantees you can always recover your funds.
Gas-Free Trading
All trade execution and settlement on Katana Perps is gas-free. You do not pay blockchain transaction fees for placing orders, executing trades, or settling positions. This removes a significant cost and friction point that affects traders on other decentralized platforms, especially those executing high-frequency strategies.
Professional-Grade Order Types
Katana Perps supports the full suite of order types that professional traders expect: market orders, limit orders, stop-loss, take-profit, and conditional orders, along with time-in-force options including GTC, GTX (post-only), IOC, and FOK. These tools enable sophisticated risk management and execution strategies that are rarely available on decentralized exchanges.
Cross-Margin Efficiency
Katana Perps exclusively offers cross-margined perpetual futures. All positions share a single margin pool, which means unrealized gains on one position can offset margin requirements on another. This maximizes capital efficiency and reduces the likelihood of unnecessary liquidations compared to isolated-margin systems.