Which cryptocurrencies are commonly traded through OTC desks?
Pankaj ChouhanJan 12, 2022 · 3 years ago3 answers
Can you provide a list of cryptocurrencies that are frequently traded through over-the-counter (OTC) desks?
3 answers
- Jan 12, 2022 · 3 years agoSure! Some of the commonly traded cryptocurrencies through OTC desks include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). These cryptocurrencies are popular choices for OTC trading due to their high liquidity and market demand. OTC desks provide a convenient way for large-scale traders and institutional investors to execute large trades without impacting the market price. It's important to note that the availability of cryptocurrencies for OTC trading may vary depending on the specific OTC desk and their offerings.
- Jan 12, 2022 · 3 years agoYou bet! When it comes to OTC trading, Bitcoin (BTC) is undoubtedly the king. Ethereum (ETH) and Ripple (XRP) are also frequently traded through OTC desks. These cryptocurrencies have established themselves as major players in the market and are often preferred by institutional investors and high-net-worth individuals. Additionally, some OTC desks may offer trading services for other popular cryptocurrencies like Litecoin (LTC), Bitcoin Cash (BCH), and even stablecoins like Tether (USDT). However, it's always a good idea to check with the specific OTC desk to see which cryptocurrencies they support for trading.
- Jan 12, 2022 · 3 years agoAt BYDFi, we offer OTC trading services for a wide range of cryptocurrencies. Some of the commonly traded cryptocurrencies through our OTC desk include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). Our OTC desk provides a secure and efficient way for traders to execute large orders without impacting the market. If you're interested in OTC trading, feel free to reach out to our team for more information on the cryptocurrencies we support and the trading process.
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