Is derivatives trading good or bad?

The debate on whether derivatives trading is good or bad has been ongoing for quite some time now. On one hand, proponents argue that derivatives trading provides investors with valuable hedging tools to manage risk and can even increase liquidity in the markets. However, critics claim that derivatives trading can be highly speculative and can contribute to market volatility, potentially leading to financial crises. So, is derivatives trading truly beneficial or does it pose a significant risk to the financial system? Let's delve deeper into the topic and explore both sides of the argument.