What is the point of trading futures?

🤝Futures Trading is an agreement between buyer and seller to transact at a predetermined price and time in the future.

👨‍💼Now that we have the description of futures, here is the crucial point why crypto traders use this strategy:

📊Futures Trading is used as a speculation tool to predict the direction of the price of the asset.

E.g: You can permanently short sell or buy a future contract of any cryptocurrency if you’re expecting changes in its price.

🛡It works as an excellent hedging tool for traders and investors.

E.g: If you feel Bitcoin may fall from the current levels, you are long in the spot markets. Therefore, you can short sell a futures contract of bitcoin to hedge your position, meaning to safeguard your spot position against the fall.

📈Futures Trading also allows traders to secure a specific price and protect against the possibility of wild price changes ahead.

🔮Futures Trading will be available on the 488EX exchange platform soon. Join now and learn about Futures Trading!

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