Cryptocurrency trading involves exchanging one cryptocurrency pair for another which means you are buying and selling coins.
Unlike forex markets, you can trade cryptocurrencies 24/7. Binance futures lets the user trade leverage up to x125 (high risk) which means you can trade 125 times your balance however this comes at great risk and could wipe out your entire balance.
You can get liquidated and lose all your balance if you were to trade long (saying the price will rise) and the price went down x amount. If you are trading short (saying the price will drop) and the price goes up by x amount you will be liquidated.