1, the transaction object is different. The subject matter of warehouse receipt transaction is warehouse receipt, which belongs to standardized goods and spot transaction, while the subject matter of futures transaction is standardized contract;

2. The performance bond of the transaction is different. The performance bond of warehouse receipt transaction is 100%, and that of futures transaction is 5-10%;

3. The forms of delivery are different. Warehouse receipt trading adopts the combination of spot delivery and spot delivery, and futures are carried out in the form of forced delivery at the time stipulated in the contract.

4. The risk of futures trading is far greater than warehouse receipt.

Warehouse receipt trading refers to the trading of warehouse receipts in the market. Warehouse receipt transaction is a standardized commodity transaction and the highest form of commodity transaction. Futures trading is an advanced trading method based on spot trading and forward contract trading.