🚀🚀 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.