Which types of virtual currencies do not participate in OTC trading?

3 answers

• Jan 13, 2022 · 3 years ago
  Some virtual currencies that do not participate in over-the-counter (OTC) trading include Bitcoin, Ethereum, Ripple, and Litecoin. These cryptocurrencies are primarily traded on cryptocurrency exchanges and are not available for OTC trading. OTC trading is usually reserved for less liquid or smaller market cap cryptocurrencies that may not be listed on major exchanges. It is important to note that the availability of OTC trading may vary depending on the specific cryptocurrency and the exchange or platform being used.
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• Jan 13, 2022 · 3 years ago
  Virtual currencies like Bitcoin, Ethereum, Ripple, and Litecoin are not typically involved in over-the-counter (OTC) trading. OTC trading is more commonly associated with smaller, less liquid cryptocurrencies that may not be listed on major exchanges. These larger virtual currencies are usually traded on established cryptocurrency exchanges, where buyers and sellers can easily transact with each other. OTC trading is often used for cryptocurrencies that have lower trading volumes or are not easily accessible on traditional exchanges.
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• Jan 13, 2022 · 3 years ago
  As a representative of BYDFi, I can confirm that BYDFi does not participate in over-the-counter (OTC) trading. BYDFi focuses on providing a secure and transparent platform for users to trade a wide range of virtual currencies. While some virtual currencies may be available for OTC trading on other platforms, BYDFi does not currently offer this service. Our platform is designed to facilitate efficient and fair trading of virtual currencies through our order book-based exchange model.
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