Trading Instruments

spot Immediately buy or sell cryptocurrency A spot exchange is the set price to exchange one currency for another, for immediate delivery. The spot rate represents the price a buyer pays in one cryptocurrency to purchase a second cryptocurrency

forward Buy or sell offers, at a set rate, and in the future A smart contract between two parties to buy or sell an asset at a specified price on a future date. A forward contract can be used for hedging or speculation, although its non-standardized nature makes it particularly apt for hedging. Unlike standard futures contracts, a forward contract can be customized to any commodity, amount and delivery date. A forward contract settlement can occur on a cash or delivery basis

swap Trade tokens immediately or on-the-spot A crypto exchange swap, forex swap, a simultaneous purchase and sale of identical amounts of one cryptocurrency for another with two different value dates. This allows one cryptocurrency to be used to fund charges designated in another cryptocurrency without acquiring foreign exchange risk. It permits the trader holding funds in different currencies to manage them efficiently, for a certain agreed time.

binary Predict the value of a token above a fixed price at a future time The success of a binary option is based on a yes or no proposition, hence “binary”, in which investors guess whether or not a cryptocurrency will go up or down in price at an appointed time. The option automatically exercises and the option holder to get a preset amount of assets. The option holder does not have a choice to buy or sell the underlying asset.