🚀🚀 WHAT IS OTC FOR Crypto? 🚀🚀

OTC, or Over-The-Counter, refers to a type of trading that occurs outside of traditional cryptocurrency exchanges .

🔥Key aspects of OTC trading:

👉 Direct trading:

OTC trading connects buyers and sellers

directly, usually for large-volume

transactions.

👉 No order books:

OTC trades are not listed on public order

books, reducing market impact and

slippage.

👉 Dealer/broker markets:

OTC trading occurs through dealer/broker

markets, enabling direct interactions.

👉 Institutional and high-volume trades:

OTC trading is often used by institutions,

hedge funds, and high-net-worth

individuals for large trades .

👉 Reduced slippage:

OTC trading minimizes slippage, which can

occur when large trades are executed on

traditional exchanges.

👉 Confidentiality:

OTC trades offer confidentiality, as they are

not publicly disclosed on order books.

👉 Counterparty risk:

OTC trading involves counterparty risk, as

traders rely on the dealer/broker for the

transaction.

🔥 Popular OTC platforms:

👉 Coinify:

Offers user-friendly and secure trading,

with a focus on compliance and customer

support.

👉 CoinFlip:

Provides a unique service allowing users to

purchase cryptocurrencies with paper cash

and offers same-day settlement.

👉 Binance OTC:

Enables users to trade with advanced tools

and leverage, with a focus on

institutional-grade analysis and insights.