#SpotVSFuturesStrategy futures are standardized contracts that obligate the parties to buy or sell a specific asset at a predetermined price on a specific future date. Unlike the spot market, you do not acquire ownership of the asset at the time of the initial transaction. Instead, you are buying or selling the obligation to make that transaction in the future. Futures are widely used for speculation, betting on the future direction of the asset's price, or for hedging, mitigating the risk of adverse price movements.