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Futures are one of the most commonly used products on Binance but also among the most risky.
They let you bet on whether the price of a crypto will rise or fall without needing to own the coin.
In this article, I'll explain how they work and how to use them carefully.
What are futures?
These are contracts that speculate on the future price of an asset.
You're not buying the cryptocurrency itself; you're taking a position that moves just like it.
You can profit whether the price goes up or down.
Leverage is used to amplify the results.