Now 8 in 8 My today's words of the day (WOTD) You can also | Gill08 on Binance Square

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Now 8 in 8My today's words of the day (WOTD)
You can also claim a share of 50000 binance points by solving word of the day daily.
here is the link : https://s.binance.com/Ltg3ACux
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#TradingTypes101 Spot Trading refers to buying or selling a financial asset, such as a cryptocurrency or stock, at its current market price with immediate settlement. In this type of trading, you pay the full amount upfront and take ownership of the asset right away. Spot trading is considered the most straightforward method, as there is no borrowing or leverage involved. It's ideal for those who prefer lower risk and long-term holding strategies. Margin Trading involves borrowing funds from a broker or exchange to trade larger positions than your actual account balance allows. This method amplifies both potential profits and potential losses. For example, if you use 2x leverage, a 10% gain in the asset’s price results in a 20% gain on your capital, but a 10% drop would mean a 20% loss. Margin trading requires careful risk management and is typically used by more experienced traders looking to maximize returns in short timeframes. Futures trading is the act of buying or selling contracts that obligate the transaction of an asset at a predetermined price and date in the future. Unlike spot trading, you don’t necessarily own the asset — you’re speculating on its price direction. Futures can be used for hedging risks or profiting from market volatility. These contracts are often leveraged, adding risk and complexity. Futures trading is popular in commodities and crypto markets, where traders seek to profit from both rising and falling prices. $BTC

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#TradingTypes101 What is the Probability of a Ripple ($XRP ) Spot ETF Being Approved This Year? Here Are the Current Odds 2025-05-29 The probability of a spot exchange-traded fund (ETF) for Ripple ($XRP ) being approved this year has reached 83%, according to cryptocurrency prediction platform Polymarket. This data is based on the latest estimates on the platform's official website. This optimistic outlook comes after the U.S. Securities and Exchange Commission (SEC) officially reviewed the application for a spot XRP ETF called WisdomTree XRP Trust. The application, submitted by Cboe BZX Exchange, is the first official spot XRP ETF review in the U.S. If approved, the application would mark the first spot XRP ETF in the U.S. and could pave the way for similar products for other crypto assets. The planned ETF would track the market price of XRP via the CME CF Ripple-Dollar Reference Rate, giving investors access to XRP through traditional brokerage accounts without complex processes such as private keys or self-custody. The SEC initiated its review of the application under Official Notice No. 34-103124. The Commission has up to 240 days to approve or reject the application $BTC

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