Crypto trading · Rookie
Crypto spot trading
Also searched as: spot crypto
What does Crypto spot trading mean?
Crypto spot trading exchanges a cryptocurrency for another asset at an agreed market price, with settlement under the venue's process. It is different from taking a derivative position on that cryptocurrency.
Example
A buyer exchanges quote currency for a quantity of Bitcoin instead of opening a Bitcoin perpetual.
Illustrative example; not a provider’s quoted offer.Why it matters for prop traders
Custody and withdrawal rights depend on the service. A simulated prop balance does not by itself give ownership of the underlying coins.
Sources and further reading
The following primary sources support the terminology. Provider rules describe their own products and may change.