Deliverable Crypto Trading

Definition ∞ Deliverable crypto trading involves the physical exchange of digital assets upon settlement of a trade. Unlike derivative contracts where only price differences are exchanged, deliverable trading means the actual cryptocurrency, such as Bitcoin or Ether, is transferred between buyer and seller. This form of trading requires secure custody solutions and direct access to the underlying digital assets. It contrasts with non-deliverable forwards or futures where cash settlement occurs without physical asset movement.
Context ∞ The state of deliverable crypto trading is central to spot markets and direct ownership of digital assets, appealing to investors seeking direct exposure. Key discussions revolve around the security of exchange platforms, the regulatory treatment of spot markets, and the efficiency of settlement processes. Future developments anticipate enhanced institutional infrastructure for secure asset transfer and custody, alongside clearer regulatory guidance for spot trading activities globally.