Spot Market Framework

Definition ∞ A spot market framework defines the rules and infrastructure governing the immediate buying and selling of assets for instant delivery. In digital assets, this refers to exchanges where cryptocurrencies are traded for other cryptocurrencies or fiat currency at current market prices. This framework ensures transparent price discovery and efficient order matching. It forms the basis for direct asset ownership.
Context ∞ The robustness of spot market frameworks is a constant focus in cryptocurrency news, particularly concerning liquidity, security, and regulatory compliance. Discussions often compare centralized and decentralized spot markets and their respective advantages. A well-functioning spot market framework is fundamental to the overall health of the digital asset ecosystem.