A financial contract whose value derives from an underlying asset's price. Crypto derivatives include futures, options, perpetual swaps, and synthetic assets. The derivatives market far exceeds spot volume.
A financial contract whose value derives from an underlying asset's price.
Crypto derivatives include futures, options, perpetual swaps, and synthetic assets.
The derivatives market far exceeds spot volume.
This is a key building block of decentralized finance. Understanding it helps you navigate DeFi protocols safely, evaluate yield opportunities, and avoid common pitfalls.