Generally, a spot market is where goods are marketed at that time with instant delivery, while a future market is where traders settle their delivery for their goods and are set on a specific future date. For instance, both future and spot are used in the financial market, like stocks. But also they are essential to shaping the crypto market. What is a spot market? The spot market is also known as the cash market because of the way fees are shortly refined. So the contract between consumers and traders will perform according to the price determined quantity. For example, if the buyer wants to buy BTC from fiat he will have to look for the traders who are incharge of USD to perform the exchange. The attribute of spot market However, crypto markets work 24/7, which means people can purchase or trade crypto any time and any day they want. Also, all the transaction fees are settled with a controlling price known as spot rate, aka spot in the spot market. Furthermore, anyone holding a spot market platform is able to hold and find a better deal if he or she is not satisfied with the current prices. They should also provide an active demand and supply for traders to continue trading. Types of spot market Mainly there are two major types of spot market in crypto , which include over-the-counter[OTC] and market exchange. Over-the-counter [OTC] Initially, crypto trading is when anyone can sell in a distributed market without any problem...
