Yi has different purposes. Spot transaction is a transaction of primary money and primary goods, and it is a direct means to meet the needs of buyers and sellers by obtaining or transferring the ownership of goods immediately or within a certain period of time. Generally speaking, the purpose of futures trading is not to gain the right to protect the real thing at maturity. The purpose of hedgers is to transfer the price risk in the spot market through futures trading, and the purpose of investors is to obtain the risk profit from the price fluctuation in the futures market.
the transaction method is different. Spot trading is generally one-on-one negotiation to sign a contract, and the specific content is agreed by both parties. If the contract cannot be fulfilled after signing, it will be resorted to law. Futures trading is conducted in an open and fair way. One-on-one negotiation (or private hedging) is considered illegal.