Spot trading refers to the buying and selling of assets for immediate delivery. In the context of cryptocurrency, this means that when you purchase a coin, the transaction is settled right away, leading to the immediate transfer of the cryptocurrency to your wallet.This type of trading contrasts with futures or options, where contracts are set for a later date. With spot trading, the price at which the transaction occurs is the current market price, known as the spot price. Spot trading is popular among traders and investors who want to take advantage of price fluctuations without the complexity of dealing with future contracts. It allows for straightforward buying or selling based on real-time market conditions.Additionally, most cryptocurrency exchanges facilitate spot trading, offering a range of digital assets. Users can easily execute trades, making it accessible for both beginners and experienced traders. Overall, spot trading is a fundamental aspect of the cryptocurrency market.