What is the difference between OTC trading on Sudoswap and traditional cryptocurrency exchanges?

3 answers

• Dec 26, 2021 · 3 years ago
  OTC trading on Sudoswap and traditional cryptocurrency exchanges differ in several ways. Firstly, Sudoswap is a decentralized exchange (DEX) that operates on the Ethereum blockchain, while traditional exchanges are centralized platforms. This means that Sudoswap allows for peer-to-peer trading without the need for intermediaries. Secondly, Sudoswap offers OTC trading specifically for ERC-20 tokens, which are tokens built on the Ethereum blockchain. Traditional exchanges, on the other hand, offer OTC trading for a wide range of cryptocurrencies. Lastly, Sudoswap utilizes smart contracts to facilitate OTC trades, ensuring transparency and security. Traditional exchanges rely on order books and matching engines to execute trades. Overall, OTC trading on Sudoswap provides a decentralized and efficient way to trade ERC-20 tokens, while traditional exchanges offer a broader range of OTC trading options.
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• Dec 26, 2021 · 3 years ago
  When it comes to OTC trading, Sudoswap and traditional cryptocurrency exchanges have some notable differences. Sudoswap, being a decentralized exchange, allows users to trade directly with each other without the involvement of intermediaries. This peer-to-peer nature of Sudoswap's OTC trading provides users with more control over their trades and eliminates the need for a central authority. On the other hand, traditional exchanges act as intermediaries, matching buyers and sellers through their order books. Additionally, Sudoswap focuses on OTC trading for ERC-20 tokens, which are primarily built on the Ethereum blockchain. Traditional exchanges, however, offer OTC trading for a wider range of cryptocurrencies. So, if you're looking for a decentralized and ERC-20 token-focused OTC trading experience, Sudoswap might be the way to go.
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• Dec 26, 2021 · 3 years ago
  OTC trading on Sudoswap and traditional cryptocurrency exchanges can have some significant differences. Sudoswap, a decentralized exchange, offers OTC trading specifically for ERC-20 tokens. This means that if you're looking to trade ERC-20 tokens directly with other users, Sudoswap provides a convenient platform. On the other hand, traditional exchanges offer OTC trading for a broader range of cryptocurrencies, not limited to ERC-20 tokens. These exchanges act as intermediaries, matching buyers and sellers based on their order books. Sudoswap's decentralized nature allows for direct peer-to-peer trading without the need for a central authority. So, depending on your trading preferences and the type of cryptocurrencies you want to trade, you can choose between Sudoswap and traditional exchanges for your OTC trading needs.
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