An exchange contract is an agreement between parties to trade cryptocurrencies under specific terms. These contracts outline the conditions for buying, selling, or swapping various digital assets and can be used in both centralized and decentralized exchanges.Typically, an exchange contract includes details such as the type and amount of cryptocurrency involved, the price at which the trade will occur, and the settlement period. The contract ensures that both parties adhere to the agreed terms and provides a framework for resolving disputes.In addition to standard trades, exchange contracts can involve derivatives, allowing traders to speculate on price movements without owning the underlying asset. This can provide opportunities for profit but also introduces additional risks.Overall, exchange contracts help streamline transactions and enhance trust between participants by laying out clear expectations.