Binance Futures is a platform offered by Binance that allows users to trade cryptocurrency futures contracts. Futures contracts are agreements to buy or sell an asset at a predetermined price at a specific time in the future. Binance Futures enables traders to speculate on the price movements of cryptocurrencies like Bitcoin, Ethereum, and others.

Key features of Binance Futures include:

1. Leverage: Binance Futures offers up to 125x leverage, allowing traders to amplify their positions. However, this also increases the risk of liquidation if the market moves unfavorably.

2. Variety of Contracts: Users can trade different types of futures contracts, such as USDT-margined contracts (settled in stablecoins like USDT) and coin-margined contracts (settled in the underlying cryptocurrency).

3. Hedging: Traders can use futures to hedge their positions in the spot market, protecting themselves from price fluctuations.

4. Long and Short Positions: Binance Futures allows both long (buy) and short (sell) positions, enabling traders to profit from both rising and falling markets.

5. Risk Management Tools: Binance Futures offers various risk management features, such as stop-loss and take-profit orders, to help traders manage potential losses and secure profits.

6. Funding Fees: Depending on the market conditions, there may be funding fees for holding a position overnight.

7. Advanced Tools: Binance Futures provides advanced charting tools, indicators, and APIs for professional traders.

It's important to note that trading with leverage can be risky, and users should have a solid understanding of risk management and market analysis before engaging in futures trading.