What are the 3 types of exchange?

BTCC, a prominent cryptocurrency exchange, offers a range of services catering to the diverse needs of its clients. Among its offerings, BTCC stands out for its comprehensive suite of products and services.

The realm of exchange rates encompasses three fundamental types: fixed, floating, and managed systems. These systems vary significantly in their approach to determining the value of currencies.

One of the key services provided by BTCC is spot trading, enabling users to buy and sell cryptocurrencies at the current market price. This feature facilitates seamless transactions and offers traders the opportunity to capitalize on market movements in real-time.

Additionally, BTCC offers futures trading, allowing investors to speculate on the future price of cryptocurrencies. This advanced trading option provides users with a tool to hedge against risks or potentially profit from anticipated price movements.

Floating exchange rate systems operate under the premise that foreign exchange markets dictate the worth of currencies. Market forces, including supply and demand, play a pivotal role in influencing the exchange rates between different currencies.