1. What are Derivatives?Derivatives are financial products whose value is based on the price movement of an underlying asset (such as Bitcoin, Ethereum, etc.). In other words, derivatives are financial tools that are traded based on the price of the underlying asset. Here's an example:Bitcoin Futures: Let's say you buy a Bitcoin futures contract. In reality, you haven't actually bought Bitcoin right away. Instead, you’re agreeing to buy or sell Bitcoin at a certain price at a future time. The...