Spot trading

What is Crypto Spot Trade?

Spot trade is buying or selling something for prompt delivery on a specific spot date. It is also known as a spot transaction. You can trade foreign currency, financial instruments, or commodities. Most spot contracts call for the actual delivery of the item. The time value of the payment is considered when comparing the price of a future or forward contract to a spot contract. It depends on interest rates and the time to maturity. The exchange rate is known as the spot exchange rate when trading foreign exchange on the spot market. A forward or futures trade can be contrasted with a spot trade.