What is the meaning of OTC in the world of cryptocurrency?

3 answers

• Dec 28, 2021 · 3 years ago
  OTC stands for Over-the-Counter, which refers to the process of trading cryptocurrencies directly between two parties without the involvement of a centralized exchange. It allows for large volume trades and provides privacy for the parties involved. OTC trading is often used by institutional investors and high net worth individuals who require liquidity and want to avoid the potential impact of their trades on the market. It is important to note that OTC trading is not regulated in the same way as exchange trading, so it is crucial to conduct due diligence and work with trusted counterparties when engaging in OTC transactions.
  634317
• Dec 28, 2021 · 3 years ago
  OTC in the world of cryptocurrency stands for Over-the-Counter. It's like a back-alley deal for trading digital assets. Instead of going through a traditional exchange, OTC trading allows buyers and sellers to trade directly with each other. This type of trading is popular among big players who want to make large trades without affecting the market. OTC trading can be more private and flexible, but it also comes with its own risks. It's important to find reputable OTC brokers and conduct thorough research before engaging in OTC transactions.
  547183
• Dec 28, 2021 · 3 years ago
  OTC, or Over-the-Counter, is a term used in the cryptocurrency world to describe trading that takes place directly between two parties, without the involvement of a centralized exchange. This type of trading is often used for large volume transactions and provides more privacy compared to trading on an exchange. OTC trading allows buyers and sellers to negotiate prices and terms directly, which can be beneficial for those looking to make significant trades without impacting the market. However, it's important to note that OTC trading carries its own risks, such as counterparty risk and potential lack of regulation. It's recommended to work with trusted OTC brokers and conduct thorough due diligence before engaging in OTC transactions.
  744186