Last Updated on February 19, 2023 by Bitfinsider
Introduction To Spot Trading
Spot trading, or the “spot price,” refers to the purchase and selling of coins and tokens at the current market rate with the purpose of having immediate possession of the underlying asset. Delivery denotes that both the buyer and the seller have kept their end of the bargain. In a successful transaction, the buyer and seller both immediately deliver the financial asset, satisfying the desire for trade right away on both sides.
An easy approach to invest and trade is through spot trading. When investing in cryptocurrencies initially, your experience will probably involve a spot transaction on the spot market, such as purchasing ETH at the market price and HODLing.
To learn more about Spot Trading, you may visit our comprehensive guide here for Spot Trading on ProEX.
Introduction To ETF Trading
ETF trading involves buying and selling ETF shares on an exchange. The price of an ETF share is determined by the market demand for the underlying assets in the fund. As the value of the underlying assets changes, the price of the ETF shares will also change.
Overall, ETF trading can be an effective way for investors to gain exposure to a diverse range of assets, while also enjoying the benefits of trading on an exchange. However, like all investments, it is important to carefully consider the risks and potential rewards before investing in an ETF.
To learn more about ETF Trading, you may visit here to learn more about ETF Trading on ProEX.
16 Days of Trading and Prize Pool of 16,000 USDT
ProEX would like to welcomes users to experience the first ever Spot Trading and ETF Trading competition of the year 2023. There is 1000 USDT prize pool up for grabs daily, and remember to choose your team wisely and invest safely.
During the event, users will either need to complete Spot Trading or ETF Trading and accomplish at least 500 USDT worth of trading to be eligible, to win up to 1000 USDT.
How does it work?
By Trading at least 500 USDT, either in Spot Trading or ETF Trading, you’ll be placed into the respective group, Spot or ETF, and for the highest trading volume for the category for the day, the group will share the reward of 1000 USDT.
Example:
On February 18,
The total trading amount of the Spot group for the day is 20,500 USDT;
The total trading volume of the ETF group for the day is 12,000 USDT;
Therefore, the Spot group wins. Spot team members who have traded no less than 500 USDT on that day will be eligible to participate in the 1000 USDT share.
Example:
on February 19,
The total trading amount of the Spot group for the day is 8,500 USDT;
The total trading volume of the ETF group for the day was 28,000 USDT;
Therefore, the ETF group wins. ETF team members who have traded no less than 500 USDT on that day will be eligible to participate in the 1000 USDT share.
The event will last all the way for 16 days! What are you waiting for?
Event Duration: (UTC+8) 02/19 00:00 ~ 03/06 23:59
Event Rules:
- The accumulated transaction amount of the day will not be calculated by the day but by your transaction time
- You can participate in multi-day contests to earn rewards
- Participating in this activity must go through real name verification
- Daily settlement time is from 00:00 to 23:59 of the day (based on system data)
- Rewards will be settled and distributed to winning users within 14 working days after the event ends
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
