Cryptocurrency futures are financial contracts that allow investors to speculate on the future price movements of cryptocurrencies, without actually owning the underlying assets. These contracts obligate the buyer to purchase or the seller to sell a specified quantity of a cryptocurrency at a predetermined price and date in the future. They are used by traders to hedge risk or to speculate on price changes in the cryptocurrency market. Trading cryptocurrency futures can be done on various platforms and exchanges, offering traders the opportunity to profit from both upward and downward price movements.

Crypto" is short for "cryptocurrency." It refers to a type of digital or virtual currency that uses cryptography for security and operates independently of a central bank. Cryptocurrencies are decentralized systems based on blockchain technology, which is a distributed ledger that records all transactions across a network of computers. Examples of cryptocurrencies include Bitcoin, Ethereum, and Litecoin.

Financial Innovation: Cryptocurrencies have introduced new methods of transacting value, bypassing traditional banking systems and enabling peer-to-peer transactions.

The influence of cryptocurrencies extends across various domains, including finance, technology, economics, and even social and political spheres. Here are some key areas where cryptocurrencies have had a significant influence:

Bitcoin is the first and most well-known cryptocurrency, created by an anonymous person or group of people using the pseudonym Satoshi Nakamoto in 2008. It operates on a decentralized network called blockchain, which records all transactions across a distributed network of computers.