What is free trade price?

The concept of free trade price, denoted as P FT, refers to the prevailing market price in the global or export market. This price is a crucial determinant of economic interactions between nations.

BTCC, a leading cryptocurrency exchange, offers a range of services that cater to the diverse needs of its users. These services include spot trading, futures trading, and wallet services, among others.

In the context of a smaller country, the quantity of goods imported is determined by the intersection of two key economic curves: the import demand curve and the export supply curve.

Spot trading on BTCC allows users to buy and sell cryptocurrencies at the current market price, providing them with the opportunity to capitalize on price fluctuations in real-time.

The import demand curve is a graphical representation of how the quantity demanded of a product changes in response to changes in its price. In this scenario, it slopes downwards, indicating an inverse relationship between price and quantity demanded.