How do cryptocurrency spot markets work?
Could you elaborate on how cryptocurrency spot markets operate? I'm particularly interested in understanding the mechanics behind trading cryptocurrencies in real-time, without any derivatives or futures contracts. What are the key factors that influence the prices in these markets? How do buyers and sellers find each other and execute trades? Are there any specific platforms or exchanges that facilitate these transactions? Additionally, what are the risks involved in trading cryptocurrencies on spot markets, and how can traders mitigate those risks? I'm seeking a comprehensive explanation to better understand the workings of these markets.