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TagsWhat is the difference between spot trading and futures trading in the crypto market?
Shivadan DograMar 06, 2022 · 3 years ago1 answersCan you explain the key differences between spot trading and futures trading in the cryptocurrency market?
1 answers
- 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.Mar 06, 2022 · 3 years ago
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