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Bitcoin Futures contracts are derivatives similar to traditional Futures contracts where two parties agree to buy or sell fixed amounts of Bitcoin for a specific price on a certain date. They can be used speculatively or as a hedge, popular with minors to cover operating costs. Futures allow for portfolio diversification, leverage trading, and stability in future income. More advanced strategies include Arbitrage, Cash and Carry Arbitrage, and inter-exchange Arbitrage. Futures contracts offer an alternative investment opportunity, requiring a deeper understanding for safe and responsible trading compared to simply holding coins and tokens.