#firstdealofthenewyearFateema Let's say Bitcoin is currently trading at $30,000. You believe the price will rise in the next month. You could: * Buy a Bitcoin futures contract with a leverage of 10x. This means you only need to put up 10% of the contract value ($3,000) to control a position worth $30,000. * If Bitcoin rises to $32,000 in a month, you'd profit $2,000 (minus any fees or interest). * However, if Bitcoin falls to $28,000, you'd lose $2,000. Exchanges * Many cryptocurrency exchanges offer futures trading, including Binance, FTX, and Kraken. * Some traditional financial exchanges like the Chicago Mercantile Exchange (CME) also offer Bitcoin futures contracts.