Futures trading on the Binance platform is a type of trading that allows you to speculate on the future price of cryptocurrencies, whether it rises or falls, without actually owning the currency itself.

In other words:

• You can open a long position if you expect the price to rise.

• Or you can open a short position if you expect the price to fall.

Advantages of futures trading:

• Leverage: You can multiply your trading size using leverage (for example, 10× or 20×), which means you can control a larger amount with a small amount, but the risk also increases.

• Profit from rising or falling: You don't need the market to be going up to profit; you can also profit from it going down.

• You don't need to actually own the currency: You only trade on the price movement.

Types of futures on Binance:

• USDT-M Futures: Contracts are backed by USDT.

• COIN-M Futures: Contracts are backed by the same currency (like BTC or ETH).

Important Warning:

Futures trading is highly risky, and you can lose your entire capital if you do not fully understand how to use it.