> For the complete documentation index, see [llms.txt](https://docs.chainbitx.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.chainbitx.com/help-center/eng/readme/trading-guide/spot-trading/introduction-to-spot-trading.md).

# Introduction to Spot Trading

Spot trading of cryptocurrencies refers to the direct buying and selling of a cryptocurrency at its current market price. For example, the price of the BTC/USDT trading pair represents the amount of USDT needed to buy or the amount received when selling 1 BTC.

**Key Features of Spot Trading:**

* **Asset ownership required to trade:** Spot trading follows a “cash-for-goods” model. Ownership of the asset is immediately transferred upon transaction completion, settled in real time.
* **No physical goods involved:** All assets are traded in the form of cryptocurrencies, without involving traditional physical products.
* **No delivery deadline, long-term holding allowed:** After purchase, users can hold the asset long term, either for potential appreciation or for future token exchanges. There are no forced liquidation or margin reduction rules.
* **Price matched by order book, transparent market:** All orders are executed through the platform’s matching engine. Prices are determined by market supply and demand, ensuring transparency and fairness.