What Are Crypto Spot Markets?

A spot market is a marketplace where financial instruments such as commodities, currencies, and securities are bought and sold for cash and delivered on the spot. In cryptocurrency, a spot market refers to a platform where digital assets (i.e., cryptocurrencies) can be bought and sold for fiat currency or other cryptocurrencies. Spot markets are one of the most basic and traditional forms of trading and are often used to facilitate short-term trades and provide liquidity for other types of markets.…