> For the complete documentation index, see [llms.txt](https://docs.crypfi.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.crypfi.io/what-is-crypfi-exchange.md).

# What is Crypfi Exchange

**Introduction**

Crypfi is a decentralized derivatives trading protocol. Users can enjoy a smooth trading experience while connecting to Crypfi with just one click through their decentralized wallets. Crypfi trading version 1 (V1) launched in 2023 offering order book perpetuals. As of April 2023