When futures trading began in late 2017, no one ever imagined that it would grow so fast and even be at par with spot trading. But three years down the line, futures trading is not amounting to half of the value of more traditional buy-sell crypto trades, as reported by Bloomberg. Spot trading crypto is the buying or selling a crypto asset at the moment of the trade. Before futures trading was launched through Bitcoin (BTC) futures platform, spot trading was the principal option available for crypto trades. The first entity to launch Bitcoin futures trading was Chicago Board Options Exchange (CBOE), which launched the first-ever BTC-based futures contracts on December 11, 2017. Afterward many exchanges followed suit and launched futures trading of various cryptocurrencies.
As a new trader, you may be worried about not being able to make money as a crypto newbie. But there are more opportunities even for a newbie because being new to crypto does not necessarily mean you can’t make a profit with future trading.