Ben is the former Retirement and Investing Editor for Forbes Advisor. With two decades of business and finance journalism experience, Ben has covered breaking market news, written on equity markets ...

Crypto derivatives were not built for just speculation. In traditional finance, derivatives exist to hedge risk. Farmers lock in crop prices. Corporations manage exposure to commodities or currencies.

Decentralized finance (DeFi)'s vision is to replicate and decentralize traditional/legacy financial systems through blockchain networks for all financial transactions, with no third parties acting as ...