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Types of Crypto Trading
Web 3 and Blockchain technologies
Web 3 and blockchain technology is on the rise. The modern world is going to be backed up by
blockchain technology. A proof of that is cryptocurrency. This changes everything. How the
world performs its basic workflows. Management, banking, trading, stock markets, and whatnot,
things are going to change from head to toe in the future. Systems will never be the same again
as we advance to the newest venture the world of technology has offered recently. This is the
blockchain technology we are talking about.
Crypto Currency
Most recently, blockchain technology is being practiced in crypto trading. To understand the
workflow, you need to understand the crypto market first. Crypto currencies make up the crypto
market. This crypto market has all the crypto coins listed in it. This listing of coins is made by
making a crypto project on blockchain. Crypto coins are made and they are mined on the
blockchain. These coins are then left for the users to buy using the default currency called
USDT. This USDT can be used to exchange crypto coins on the crypto market places.
There are mainly two types of crypto trading.
SPOT TRADING
As the name suggests, Spot trading is made on the spot. When the prices of a certain coin go up
or down, users can buy or sale coins in real time. It doesn’t guarantee or ensure that you will get
profit or loss. You can buy and sell coins at your will and your amount in USDT can fluctuate in
accordance with the market rates
FUTURES TRADING
Futures trading on the other hand is purely prediction. A user will buy a coin by investing some
amount and then fix a prediction price for it. If the coin reaches the predicted price, the investor
will have a profit but if the price goes below the price lower threshold, in this case the investor
won’t have any profit and his investment will be gone.
By following these two trading options, you can do crypto trading on crypto marketplaces.
Owning a crypto coin means you own an asset on blockchain technology. When the demand for
that asset increases, the price of the asset increases and you can make a good amount of money
from it.
This is just the start, these transactions can be replicated in banking sector and other sectors of
life because this is more secure, and every transaction is recorded and cannot be erased from the
blockchain. This is indeed the future of technology and we can just wait and watch the world
change.