EnchantedPulse
Fri May 17 2024
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6 answers
1054
What is the main purpose of the futures contract?
Could you please elaborate on the primary objective of futures contracts? As a seasoned professional in the realm of cryptocurrency and finance, I'm interested in understanding how these instruments serve their purpose in the market. Futures contracts, as I understand, are agreements to buy or sell an asset at a specified price on a future date. But what exactly drives their utilization? Is it primarily for hedging risks, for speculation, or perhaps for some other reasons? I'm keen to gain insights into the nuances of futures contracts and how they fit into the broader financial landscape.
