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Crypto derivatives markets price contracts tied to underlying crypto assets through formal models. Participants include institutions, traders, and hedgers using futures, options, and perpetual swaps to manage risk or speculate. Pricing hinges on margins, funding rates, and liquidation risk, with…

Crypto derivatives markets price contracts tied to underlying crypto assets through formal models. Participants include institutions, traders, and hedgers using futures, options, and perpetual swaps to manage risk or speculate. Pricing hinges on margins, funding rates, and liquidation risk, with…