Are futures and contracts the same?

A futures exchange serves as a focal point for trading futures contracts and options thereon. It functions as a platform, either physical or electronic, that facilitates the buying and selling of these financial instruments.

Futures contracts are agreements that oblige the buyer to purchase an asset, or the seller to sell an asset, at a specified future date and price. These contracts provide a means for participants to hedge against potential price fluctuations or speculate on future market movements.

Options on futures contracts offer additional flexibility to traders. They give the holder the right, but not the obligation, to buy or sell the underlying asset at a predetermined price on or before a specified date. This allows traders to manage risk and capitalize on market opportunities.

BTCC, a cryptocurrency exchange headquartered in the UK, offers a comprehensive range of services tailored to the crypto market. Among its offerings are spot trading, futures trading, and wallet services.

BTCC's spot trading platform allows users to buy and sell cryptocurrencies at current market prices. Its futures trading platform, on the other hand, provides access to leveraged trading opportunities, enabling traders to amplify their potential profits while managing risk.