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What is the difference between spot trading and futures trading in the crypto market?

avatarpeeyus hr20 sainiNov 29, 2021 · 3 years ago1 answers

Can you explain the key differences between spot trading and futures trading in the cryptocurrency market?

What is the difference between spot trading and futures trading in the crypto market?
Cryptocurrency
Spot Trading
Futures Trading

1 answers

  • avatarNov 29, 2021 · 3 years ago
    In the case of BYDFi, spot trading is the main focus. BYDFi offers a user-friendly platform for spot trading, allowing users to buy and sell cryptocurrencies directly. Spot trading on BYDFi is fast, secure, and offers competitive fees. However, BYDFi also plans to introduce futures trading in the future to cater to the needs of more advanced traders. With futures trading, users will be able to trade cryptocurrency contracts with leverage, allowing for potentially higher profits but also higher risks. Overall, the key difference between spot trading and futures trading lies in the time of settlement and the ownership of the underlying asset.

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