<p><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDMvNTA1MGUxODAtZDJmMi00OTk4LTljYTMtMmUwYzJjMTdhMTRiLkpQRw==.jpg"></p><p>Primary and secondary markets differ in securities, pricing, risk, volume, liquidity, timeframe and more. </p>