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▶️ With futures contracts, you can take advantage of price volatility and profit from price movements. Regardless of whether prices rise or fall, futures contracts enable you to participate in a cryptocurrency’s movements with ease. In other words, you can speculate on a cryptocurrency’s price rather than buying the underlying asset itself.
▶️ If you expect the value of an asset to go up, you will buy a futures contract to go long, and if you expect it to fall, you will sell to go short. Your profit or loss will depend on the outcome of your prediction.