: Platforms like CME Group or Coinbase Derivatives are overseen by the CFTC and are popular for their "Micro Bitcoin" contracts, which are smaller and more manageable for beginners.

Alex decides to trade instead of buying actual Bitcoin (spot trading).

Imagine a trader named Alex. Alex doesn't want to own Bitcoin directly because managing digital wallets feels like too much of a hassle. Instead, Alex wants to profit from Bitcoin's price swings. This is the story of how Alex buys a Bitcoin future. 1. Choosing the "Paper" over the Coin