What is the use of spot trading (Is spot trading legitimate)?

What is the use of spot trading? According to official information, spot trading can be used for setting up according to user’s needs. During the slump in Bitcoin market, it can automatically monitor and judge market sentiment through the system of digital currency exchanges and make choices on asset prices. At the same time, buying, selling, and exchanging encrypted currencies can be done through the “wallet” on smartphones, thereby avoiding the problem of account theft.

In addition, spot trading can be used for real-time data analysis on various blockchain platforms.

Is spot trading legitimate?

Spot trading is the hottest type in the traditional financial market, just like transferring funds in traditional bank accounts and online banking can achieve real-time reconciliation, instant settlement, and quick profits. However, the same applies to digital currency exchanges. Investment management products or brokers established to protect investors’ rights and interests must comply with the provisions of the Civil Code in accordance with relevant laws and regulations and the country’s regulation of virtual assets.

As a new emerging field, spot trading needs to pay attention to investment risks and compliance prevention due to its own characteristics and limited business scope, and ensure user safety through regular channels for offline activities, and so on.