What Are Futures Contracts?
Before getting started with trading futures on WEEX, it’s essential to understand what a futures contract is. In simple terms, a futures contract is an agreement to buy or sell an asset (in this case, cryptocurrencies) at a predetermined price at a specific future date. Unlike spot trading, which involves immediate execution of trades at the current market price, futures contracts allow you to speculate on the price direction of cryptocurrencies, giving you more flexibility and the potential to profit from both market uptrends and downtrends.