Spot trade is a trading method where an asset (such as cryptocurrency, stocks, or forex) is bought or sold immediately, and the delivery of the asset happens right after the transaction is completed. In this type of trading, the asset is traded at the current market price, and the transaction is usually settled within two business days.

Characteristics of Spot Trade:
- Immediate Transaction: The buying or selling is completed instantly, meaning it doesn't occur on a specified future date but rather immediately.

- Market Price: In spot trading, there is no pre-determined price; the transaction occurs at the current market price.

- Quick Delivery: After the trade, the asset is directly transferred to the buyer, like in cryptocurrency trading, where the coins are sent to the buyer’s wallet.

Through spot trading, traders have the advantage of quickly buying and selling their assets without getting involved in the complexities of long-term contracts or futures contracts.