Exchanges can be generally categorized into 2 types.
1. Spot Exchange
The spot exchange is where users can trade cryptocurrency or other assets for the current prices. This is pretty straightforward and traders can only place buy and sell orders.
2. Derivatives Exchange
Derivatives exchange allows futures trading, where traders can utilize other trading tools such as futures, options, and leveraged tradings.
However, we do not recommend inexperience trader to jump straight in this kind of exchange,
since they are quite more complex and pose higher risks than the Spot Exchange.