Introduction to Spot Trading Mode

Asset Terms and Definitions

In spot trading mode, asset terms in the trading account are displayed in a table as follows:

Trading Rules

In spot trading mode, users can only engage in spot trading and long options trading. The following activities are not supported:

• Margin trading
• Perpetual swaps
• Futures trading
• Options selling

When users sell assets of a specific currency or buy options settled with it, the available balance of that currency must meet or exceed the order’s required amount.

1. Spot Trading

As illustrated below:

• "Available" under "Buy BTC" shows your current USDT balance for purchasing BTC.
• "Max Buy" displays the BTC amount purchasable based on the latest BTC/USDT price.

For selling BTC:

• "Available" reflects your current BTC balance available for sale.
• "Max Sell" indicates the USDT amount receivable upon selling BTC at the latest BTC/USDT price.

Steps to Trade:

1. Enter the buy/sell price and corresponding BTC amount.
2. Click "Buy BTC" (or "Sell BTC") to place the order.

Order Tracking:

• Open Orders: Lists partially/unexecuted orders.
• Order History: Shows fully executed or canceled orders.

👉 Master spot trading strategies to optimize your transactions.

2. Long Options Trading

In spot mode, you can trade options contracts only as a buyer. Key restrictions:

• Closing positions: Sell options to exit long positions.
• Opening positions: Directly selling options to open short positions is not allowed.

How to Trade:

1. Fill in the Price and Amount fields.
2. Click "Buy" to create an options order.

Capital Allocation:

• Pending orders reserve the required currency amount.

  • Formula: Order price × Contract quantity × Contract multiplier + fee.
• Executed orders deduct funds from the available balance and create a long options position.

Viewing Holdings:

Check specific positions under the Assets tab of the relevant currency.

Post-Trading Actions:

• Pre-expiry: Close positions manually for profits (visible in Order History).

• Post-expiry: Contracts auto-exercise/expire based on strike and underlying index prices.

  • Details: Navigate to Information > Exercised Options.

FAQ

Q1: Can I use leverage in spot trading mode?

A: No, leverage and margin trading are disabled in spot mode.

Q2: How do I switch to options selling?

A: Change your account mode to Single/Multi-Currency Margin Mode for seller privileges.

Q3: Where are my active options positions displayed?

A: Under the Assets tab of the respective currency.

👉 Explore advanced trading modes for flexible strategies.

Q4: What happens if an options contract expires?

A: It auto-exercises or expires based on strike and index prices at expiry.

Key Takeaways

• Spot mode supports BTC/USDT trading and long options only.
• Monitor available balances to avoid order failures.
• Use the Assets tab to track holdings and exercised options.

By adhering to these guidelines, you’ll navigate spot trading efficiently while complying with platform rules.

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