The concept of Bitcoin was first proposed by Satoshi Nakamoto in November 2008. It is a peer-to-peer electronic cash system that is open to everyone and does not require any participation of a central authority, such as the government. The supply limit of Bitcoin is capped at 21 million BTC. As such, Bitcoin is often referred to as “digital gold”.

In spot trading, traders buy one cryptocurrency with another or sell one crypto for another. Spot orders are matched on the market based on the principle of price-time priority, and the cryptocurrencies are exchanged once the placed orders are filled.

Using leverage in spot trading can amplify profits, but it also increases the risk of losses. HTX Margin Trading is a derivative tool that allows leveraged spot trades for higher returns while assuming the associated risks.

When they expire, Delivery Futures products are cash settled based on the open/close price difference, not physically delivered. All the matured positions are closed at the arithmetic average index prices during the last hour before expiry.