Discover how Decentralized Finance (DeFi) impacts the accounting industry, the role of crypto accounting, and the features of dedicated crypto accounting software.
A financial contract deriving its value from an underlying asset.
A derivative is a financial contract that derives its value from an underlying asset. The contract stipulates the buying or selling of the underlying asset at a predetermined price and date. In crypto, derivatives can be contracts based on crypto assets such as Bitcoin or Ethereum.
Trading Bitcoin futures, a type of derivative.