What does it mean to trade futures?

[Fidelia]

I have been hearing people talking about trading futures in crypto and I also see something like that on Binance. What does futures trading mean when it comes to crypto trading?

 

[Bisolami]

I have been hearing people talking about trading futures in crypto and I also see something like that on Binance. What does futures trading mean when it comes to crypto trading?

It simply means that you have an idea of what the next price is likely to be or you know if the market will pump or dump

 

[Stardom22]

Trading of the future is all about investing in the crypto depending on the movement of the crypto prices in the future.

 

[Ratine]

I think it's the ability to trade depending on the forecast on the movement of the cryptocurrency price.

 

[Niyi Briggs]

It is a situation where you enter a speculative contract with a person to trade within a particular future timeframe, hoping that the asset gets to trade at your predicted price.

 

[nomad]

When you trade future, you are basically trading for assumed price. You expect the assets to have a certain price and you put your assets for trading for that speculative price.