
February 23: In Switzerland, Spot Trading with a new crypto exchange, CIFDAQ, opened at 8:09 a.m. (Switzerland Time/UTC+1) on 22nd of February, which corresponds to 12:39 hours (Indian Standard Time /GMT+5:30) in India. BTC, ETH, LTC, DOGE, MATIC, DOT, SHIB, ATOM, BNB and close to 34 + assets are available for trade on the exchange. CIFDAQ is the world’s first mixed breed, cross-asset, integrated trading platform and is ideal for people who wish to trade a broad range of assets.
Spot Trading with CIFDAQ
Do you have any idea what Spot Trading is all about? If you want to buy and sell assets at today’s current market rate, often known as the spot price, you’ll be able to take possession of the assets immediately. Spot market trading is popular among day traders since the spreads are low and there is no expiry date.
CIFDAQ is now offering the spot market, often referred to as the cash or undated market. You do not need to own or furnish the assets to obtain the greatest benefit from the service, and you will get real-time, continuous pricing that truly reflects the market. Additionally, you may choose to open a position with a deposit (margin), which increases your exposure to the market and, thus, your potential for making more money. However, as a consequence of this, a bigger number of losses may occur.
For example, in the case of silver, if you feel that the price of silver would increase, you would place your money in the spot silver market (go long). If the price of silver rose, you would make money; but, if silver fell, you would lose money.
The Benefits of Spot Trading on CIFDAQ
In a transparent environment, where all players know the current market price and can make educated judgments, spot markets allow for the trading of commodities and other financial instruments. Spot market contracts may now be completed more quickly and easily.
- When you trade in the spot market, you have the option of negotiating your price. Price negotiating is an option that is available to both buyers and sellers. To be the most successful bitcoin trading marketplace, it must be one in which all participants have a fair and equal advantage in the negotiating process, as described.
- Compared to futures and options trading, spot trading provides a bigger opportunity for profit. It is possible to perform many trades at the same time.
- You may swiftly purchase and sell your cryptocurrency tokens for small profits when you use a spot market.
- In the spot trading market, traders may purchase tokens at low prices and resell them at higher prices, resulting in a profit equitably split among all dealers involved.
- A spot market does not have any entry barrier. Investors of all sizes have the potential to benefit from the market’s volatility.
“Trades may be completed in real-time by exchanging crypto tokens for fiat cash on a spot market, allowing traders to transact instantly.” – Himanshu Maradiya (Founder and CEO, CIFDAQ)
There are several benefits to trading on a crypto spot market. It’s a good idea to trade with caution and only invest money that you can afford to lose if you’re thinking about becoming engaged in the stock market. It is also advantageous to select a reputable exchange that offers the most liquidity and security feasible and for this CIFDAQ seems to be the most viable option.
Hello there! This is kind of off topic but I need some help from an established blog. Is it very difficult to set up your own blog? I’m not very techincal but I can figure things out pretty fast. I’m thinking about setting up my own but I’m not sure where to begin. Do you have any tips or suggestions? With thanks
Hey! This is my 1st comment here so I just wanted to give a quick shout out and tell you I genuinely enjoy reading through your articles. Can you recommend any other blogs/websites/forums that deal with the same topics? Appreciate it!
It is really a nice and helpful piece of info. I am glad that you shared this useful information with us. Please keep us up to date like this. Thanks for sharing.
magnificent issues altogether, you simply won a new reader. What would you suggest about your publish that you just made a few days in the past? Any certain?
I really appreciate your piece of work, Great post.
hello!,I like your writing very a lot! percentage we keep up a correspondence extra about your article on AOL? I require an expert in this house to unravel my problem. May be that is you! Having a look ahead to peer you.
When I originally commented I clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove me from that service? Thanks!
so much fantastic information on here, : D.
I enjoy your writing style really loving this internet site.
whoah this blog is excellent i really like reading your articles. Stay up the great work! You realize, lots of people are searching around for this information, you could aid them greatly.
You are my breathing in, I possess few blogs and rarely run out from to brand.