Contracts are trading instruments that allow an investor to trade on the price movement of an asset, which can be a physical commodity (e.g. rice, wheat, crude oil) or a financial instrument (e.g. stocks, bonds, cryptocurrencies), at a predetermined future date and price.
They are typically used by traders as a way to hedge other investments or to lock in profits when trading in volatile markets. The prices for SnapEx’s contracts are based on aggregated indices of the 4 largest cryptocurrency exchanges that represent the demand for each cryptocurrency from a variety of exchanges, so you always know you’re getting a fair price.