How do OTC funds work in KuCoin?

3 answers

• Dec 15, 2021 · 3 years ago
  OTC funds in KuCoin refer to over-the-counter trading services provided by the exchange. This allows users to trade large amounts of cryptocurrencies directly with other users, without affecting the market price. OTC funds provide a secure and efficient way to buy or sell cryptocurrencies in bulk, especially for institutional investors or high-net-worth individuals. The process involves contacting the OTC desk of KuCoin, negotiating the terms of the trade, and settling the transaction. OTC funds can offer better liquidity and pricing compared to regular exchange trading, making it an attractive option for certain traders.
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• Dec 15, 2021 · 3 years ago
  When using OTC funds in KuCoin, you can enjoy benefits such as reduced slippage and improved privacy. Since OTC trades are conducted off the regular exchange order book, there is less impact on the market price, resulting in lower slippage. Additionally, OTC trades are typically settled privately between the parties involved, providing an extra layer of privacy compared to regular exchange trading. However, it's important to note that OTC trades may have higher fees compared to regular trading, and the availability of OTC funds may vary depending on the exchange's liquidity and market conditions.
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• Dec 15, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also offers OTC trading services similar to KuCoin. With BYDFi's OTC funds, users can enjoy the same benefits of reduced slippage, improved privacy, and access to a wide range of cryptocurrencies. BYDFi's OTC desk provides personalized support and competitive pricing for large-scale trades, making it a preferred choice for institutional investors and professional traders. Whether you choose KuCoin or BYDFi for your OTC trading needs, it's important to research and understand the specific terms, fees, and security measures offered by each exchange to ensure a smooth and secure trading experience.
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