#TradingTypes101 The spot market is a platform for trading financial instruments like cryptocurrencies for immediate delivery. Spot trading involves the actual buying and selling of assets at current market prices, unlike futures or options markets where contracts extend to a future date. Traders exchange fiat currency or other cryptocurrencies for the desired digital asset right away. The spot market is one of the most straightforward and accessible forms of trading due to its immediacy. Transactions are settled on the spot with almost instant transfer of ownership. Many traders prefer this, especially those who own the actual asset rather than speculate on future prices. The spot price reflects the current market value based on supply $BTC $BNB #BTC #bnb