Spot Trading
Dominant Ruling: Permissible (with conditions).
Spot trading means you buy the cryptocurrency and actually own it in your wallet, allowing you to transfer or sell it whenever you want.
Why is it considered permissible? Because you own the asset (the coin) and bear the full risks of profit and loss, with no interest-bearing borrowing involved.
Conditions:
The coin itself must be from a permissible project (steering clear of gambling or usury projects).
The intention should be for permissible trading #CanTheDeFiIndustryRecoverQuicklyFromAaveExploit? #CanTheDeFiIndustryRecoverQuicklyFromAaveExploit? #BalancerAttackerResurfacesAfter5Months #ShootingIncidentAtWhiteHouseCorrespondentsDinner $USDC $BNB $BTC
Dominant Ruling: Permissible (with conditions).
Spot trading means you buy the cryptocurrency and actually own it in your wallet, allowing you to transfer or sell it whenever you want.
Why is it considered permissible? Because you own the asset (the coin) and bear the full risks of profit and loss, with no interest-bearing borrowing involved.
Conditions:
The coin itself must be from a permissible project (steering clear of gambling or usury projects).
The intention should be for permissible trading #CanTheDeFiIndustryRecoverQuicklyFromAaveExploit? #CanTheDeFiIndustryRecoverQuicklyFromAaveExploit? #BalancerAttackerResurfacesAfter5Months #ShootingIncidentAtWhiteHouseCorrespondentsDinner $USDC $BNB $BTC