How does OTC cryptocurrency exchange work?

3 answers

• Feb 19, 2022 · 3 years ago
  In an OTC cryptocurrency exchange, buyers and sellers trade directly with each other, without the involvement of a centralized exchange. This allows for larger transactions and more privacy compared to regular exchanges. OTC exchanges typically have a network of buyers and sellers, and they match them based on their preferences and requirements. The exchange acts as an intermediary, facilitating the trade and ensuring the security of the transaction. OTC exchanges are popular among institutional investors and high-net-worth individuals who want to trade large volumes of cryptocurrencies without impacting the market price.
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• Feb 19, 2022 · 3 years ago
  OTC cryptocurrency exchanges work differently from regular exchanges because they don't rely on order books or public order matching. Instead, they use a dealer-based model, where the exchange acts as a dealer and provides liquidity to the market. Buyers and sellers can negotiate the price and terms of the trade directly with the exchange, which offers more flexibility and customization. OTC exchanges also offer services like escrow and dispute resolution to ensure smooth transactions. However, OTC trading may involve higher fees and counterparty risk compared to regular exchanges.
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• Feb 19, 2022 · 3 years ago
  At BYDFi, an OTC cryptocurrency exchange, we connect buyers and sellers through our platform. We offer a secure and efficient trading environment for institutional investors and high-net-worth individuals. Our team of experts ensures that every trade is executed smoothly and securely. With BYDFi, you can trade large volumes of cryptocurrencies without impacting the market and enjoy personalized service tailored to your needs. Join BYDFi today and experience the benefits of OTC trading.
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