> For the complete documentation index, see [llms.txt](https://docs.ln.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ln.exchange/p2p-and-spot.md).

# P2P & Spot

### ⚡️Peer-to-Peer (P2P) Marketplace

LN Exchange provides a peer-to-peer marketplace where users can directly trade with each other, eliminating the need for intermediaries and allowing for fast and efficient transactions. Whether you're buying, selling, or exchanging assets, our platform ensures a seamless experience with instant settlements. The P2P Marketplace currently sits on [Lnfi Network](https://www.lnfi.network) and will be migrated to LN Exchange at a later stage.

### ⚡️Spot Orderbook

With LN Exchange, users can access spot orderbook functionalities, providing flexibility and diversity in trading strategies. 

<figure><img src="/files/3K8NUWvlz81XVoFc1YQF" alt=""><figcaption></figcaption></figure>

While both the P2P Marketplace and Spot Orderbook are aimed at trading spots, their differences are set out below:

| Type                                | P2P Marketplace                                                                                         | Spot Orderbook                |
| ----------------------------------- | ------------------------------------------------------------------------------------------------------- | ----------------------------- |
| Mechanism                           | Peer-to-peer                                                                                            | Orderbook                     |
| Listing                             | Permissionless (future)                                                                                 | Permissioned                  |
| Expected liquidity of trading pairs | Low                                                                                                     | High                          |
| Types of assets                     | <p>Fungible assets</p><p>Non-fungible assets (NFTs/Collectibles)<br>(to be supported in the future)</p> | Fungible (Tokens) assets only |

With our innovative platform, you can trade with confidence, knowing that you have access to cutting-edge technology, high-performance trading, and the support of a dedicated team.


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