What does CAS mean in trade?

Additionally, BTCC features futures trading, enabling investors to speculate on the future price movements of cryptocurrencies. The exchange also offers a wallet service, providing a secure and convenient way for users to store their digital assets.

Trading represents a crucial aspect of the financial markets, enabling investors to buy and sell assets such as stocks, bonds, and cryptocurrencies. It allows participants to take advantage of market fluctuations and seek profits or hedge against potential losses.

The Closing Auction Session (CAS) is a specific period during the trading day where market participants can place orders to buy or sell assets at a closing price determined through an auction process. This session is typically held at the end of the trading day and serves as a final opportunity for investors to execute their trades.

During the CAS, market makers and other participants submit their bids and offers, and an auction mechanism determines the clearing price. This price reflects the equilibrium point where the demand and supply for the asset meet, providing a fair and transparent closing price for the day.

BTCC, a top cryptocurrency exchange, offers a comprehensive range of services tailored to meet the needs of its clients. Among its offerings, BTCC provides spot trading, allowing users to buy and sell cryptocurrencies at current market prices.