Which cryptocurrencies are most commonly traded over the counter (OTC)?

3 answers

• Dec 26, 2021 · 3 years ago
  Sure! Some of the most commonly traded cryptocurrencies over the counter (OTC) include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC). These cryptocurrencies are often preferred for OTC trading due to their high liquidity and widespread adoption. OTC trading allows for larger transactions and provides privacy and flexibility for buyers and sellers. It's important to note that OTC trading is typically conducted by institutional investors, high-net-worth individuals, and large cryptocurrency holders.
  520260
• Dec 26, 2021 · 3 years ago
  Well, when it comes to OTC trading, Bitcoin (BTC) is definitely the king. It's the most commonly traded cryptocurrency in the OTC market. Ethereum (ETH) and Ripple (XRP) also have a significant presence in OTC trading. These cryptocurrencies are favored by investors who want to execute large trades without affecting the price on traditional exchanges. OTC trading offers more personalized services and allows for negotiation between buyers and sellers.
  454152
• Dec 26, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, has observed that Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) are the most commonly traded cryptocurrencies over the counter (OTC). These cryptocurrencies have high liquidity and are widely recognized in the market. OTC trading provides an alternative to traditional exchanges and allows for large-scale transactions. It's important to consider factors such as market demand, liquidity, and the specific needs of buyers and sellers when choosing cryptocurrencies for OTC trading.
  526132