Why do traders like convexity?

Why is convexity such a popular concept among traders in the world of finance and cryptocurrency? Is it because it offers some sort of advantage or benefit that they cannot find in other strategies? What makes convexity so appealing to these professionals, and how does it play a role in their decision-making processes? Are there any risks or drawbacks associated with utilizing convexity in trading strategies? I'm eager to learn more about the appeal of convexity and how it can impact the success of traders in this rapidly evolving field.