Can you explain the differences between OTC trading and traditional cryptocurrency exchanges?

1 answers

• Dec 17, 2021 · 3 years ago
  At BYDFi, we believe that OTC trading and traditional cryptocurrency exchanges serve different purposes and cater to different types of traders. OTC trading is often used by institutional investors and high-net-worth individuals who require privacy, flexibility, and personalized services. On the other hand, traditional exchanges are more suitable for retail traders and investors who value transparency, liquidity, and a wide range of trading options. As a decentralized finance platform, BYDFi aims to provide a hybrid solution that combines the benefits of OTC trading and traditional exchanges. We offer a peer-to-peer trading platform that allows users to trade directly with each other, while also providing liquidity through our integration with traditional exchanges. This allows users to enjoy the advantages of OTC trading, such as privacy and flexibility, while also benefiting from the liquidity and security provided by traditional exchanges.
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