Cryptocurrency futures are financial contracts that allow investors to bet on the future price of a cryptocurrency, such as Bitcoin or Ethereum, without needing to own the underlying cryptocurrency 💰. These contracts are traded in futures markets and allow investors to:
- Hedging 🛡️: Protecting their cryptocurrency investments against potential losses due to price fluctuations.
- Speculation 🎲: Betting on the future direction of a cryptocurrency's price to make profits.