$BTC $BNB Bitcoin futures are financial contracts that let you speculate on the future price of Bitcoin without actually owning it. They're used by traders to hedge risk or try to profit from price swings-whether Bitcoin goes up or down.

There are two major types:

1. CME Bitcoin Futures: Traded on the Chicago Mercantile Exchange, these are regulated and settled in cash.

Each contract represents 5 BTC, and they follow the CME CF Bitcoin

Reference Rate 1.

2. Crypto Exchange Futures (like Binance): These are perpetual contracts (no expiry) and can be margined with stablecoins like USDT.

For example, the BTC/USDT perpetual contract on Binance is one of the most

liquid in the world