A spot market enables traders to buy and sell assets at current market prices. Crypto spot market transactions are settled on the spot immediately after both the buyer's and seller's orders are filled. Buyers, sellers, and an order book are all required in a spot market.
You can choose to trade various cryptocurrencies in specific pairs in the crypto spot market.
The crypto spot market, in general, is subject to massive fluctuations that reflect traders' market sentiments. Several factors influence these sentiments, causing traders to buy or sell. Spot traders frequently use various fundamental and technical analysis techniques to make trading decisions.