How does OTC trading work in the world of digital currencies and what are its advantages?

3 answers

• Jan 04, 2022 · 3 years ago
  OTC trading in the world of digital currencies refers to the process of buying and selling cryptocurrencies directly between two parties, without the involvement of a centralized exchange. Unlike traditional exchange trading, OTC trading allows for larger transactions and provides more privacy. It is often used by institutional investors and high-net-worth individuals who want to execute large trades without impacting the market. OTC trading platforms connect buyers and sellers, facilitating the trade and ensuring secure transactions. The advantages of OTC trading include faster execution, reduced price slippage, and the ability to negotiate prices directly with the counterparty.
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• Jan 04, 2022 · 3 years ago
  So, OTC trading in the digital currency world is like a private transaction between two parties. It's like buying and selling cryptocurrencies directly from someone you know, rather than going through a public exchange. The advantage of OTC trading is that it allows for larger trades and provides more privacy. This is especially important for institutional investors and big players who want to avoid impacting the market with their trades. OTC trading platforms act as intermediaries, connecting buyers and sellers and ensuring secure transactions. With OTC trading, you can also negotiate prices directly with the other party, which gives you more control over the transaction.
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• Jan 04, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, offers OTC trading services for its users. With BYDFi's OTC trading platform, users can enjoy the benefits of direct trading, including faster execution and reduced price slippage. The platform connects buyers and sellers, ensuring secure transactions and providing a seamless trading experience. OTC trading on BYDFi allows users to execute large trades without impacting the market, making it an ideal option for institutional investors and high-net-worth individuals. Whether you're looking to buy or sell digital currencies, BYDFi's OTC trading platform offers a convenient and efficient solution.
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