How does crypto OTC trading work and what are the benefits?

3 answers

• Dec 28, 2021 · 3 years ago
  Crypto OTC trading, also known as over-the-counter trading, is a method of trading cryptocurrencies directly between two parties without the involvement of an exchange. It is typically used for large volume trades that may not be easily executed on an exchange without causing significant price movement. OTC trading allows buyers and sellers to negotiate prices and execute trades privately. The benefits of crypto OTC trading include increased liquidity, reduced slippage, and improved price stability. Additionally, OTC trading provides access to a wider range of cryptocurrencies and allows for faster settlement compared to traditional exchange trading.
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• Dec 28, 2021 · 3 years ago
  OTC trading in the crypto market works similarly to OTC trading in traditional financial markets. It involves direct communication and negotiation between buyers and sellers, usually facilitated by brokers or market makers. The main advantage of OTC trading is the ability to execute large trades without impacting the market price. This is particularly important for institutional investors and high-net-worth individuals who need to buy or sell large amounts of cryptocurrencies without causing significant price fluctuations. OTC trading also offers privacy and confidentiality, as transactions are not publicly recorded on an exchange. However, OTC trading may have higher fees compared to exchange trading and may require a higher level of trust between the parties involved.
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• Dec 28, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, offers OTC trading services to its users. With BYDFi's OTC trading platform, users can enjoy the benefits of direct trading, including increased liquidity and price stability. BYDFi's OTC trading desk provides personalized support and ensures secure and efficient transactions. Whether you are a large institutional investor or an individual trader, BYDFi's OTC trading services can help you execute large volume trades with ease and privacy. Start exploring the advantages of crypto OTC trading with BYDFi today!
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