What Types of Trading Does Cryptohopper Support?
Cryptohopper offers Spot trading for cryptocurrencies on centralized crypto exchanges. This means that users can buy and sell cryptocurrencies at the current market price without engaging in futures or contract-based trades. Here are the key points to understand:
1. Supported Trading Options
Spot Trading: Cryptohopper supports the buying and selling of cryptocurrencies using spot trading. This allows traders to exchange assets directly at the prevailing market rates. For example, traders can exchange Bitcoin for Ethereum at the current price.
2. Unsupported Trading Options
Futures Trading: Cryptohopper does not support futures trading, which involves speculative trading by agreeing on a price for a future date.
Margin and Options Trading: Similarly, any forms of margin or options trading are not provided on the platform.
Summary
If you're looking for a platform primarily for spot trading, Cryptohopper is an excellent choice. However, if your trading strategy involves futures, margin, or options-based activities, you would need to consider alternative platforms.