The effects of digitalization on the business ecosystem and business models are increasing day by day. Businesses and individuals intensely benefit from the services that FinTech platforms offer. As a result, there are significant changes in the structure of financial institutions and financial instruments. Blockchain technologies play an important role in the transformation of business ecosystems. In particular, cryptocurrencies are recognized by individuals, institutions, and governments as an economic asset. However, the high price volatility of cryptocurrencies shows that they have significant risks. Cryptocurrency derivatives are used to hedge against and benefit from price movements. This study aims to provide a basic framework for cryptocurrency derivatives. In this study, the most traded cryptocurrency type, Bitcoin derivatives, are used.