How does over the counter crypto trading work?

3 answers

• Nov 23, 2021 · 3 years ago
  Over the counter (OTC) crypto trading is a method of trading digital currencies directly between two parties, without the involvement of a centralized exchange. In OTC trading, buyers and sellers negotiate and agree on a price and trade directly with each other. This allows for larger trades to be executed without causing significant price movements in the market. OTC trading is often used by institutional investors and high-net-worth individuals who want to buy or sell large amounts of cryptocurrency without affecting the market price. It offers privacy and flexibility compared to regular exchange trading.
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• Nov 23, 2021 · 3 years ago
  OTC crypto trading works by connecting buyers and sellers through brokers or specialized OTC trading desks. These intermediaries facilitate the trade by finding counterparties and ensuring a smooth transaction. The process typically involves the following steps: 1. The buyer and seller express their interest in trading a specific amount of cryptocurrency. 2. The broker or OTC desk finds a suitable counterparty and negotiates the terms of the trade, including the price and quantity. 3. Once the terms are agreed upon, the buyer and seller transfer the agreed-upon amount of cryptocurrency and fiat currency to the broker or OTC desk. 4. The broker or OTC desk verifies the transactions and ensures that both parties fulfill their obligations. 5. Finally, the broker or OTC desk transfers the cryptocurrency and fiat currency to the respective parties. OTC trading offers more personalized service and allows for customized trading strategies.
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• Nov 23, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, offers OTC crypto trading services. With BYDFi's OTC desk, users can trade large amounts of cryptocurrencies with competitive prices and personalized service. BYDFi's OTC trading desk connects buyers and sellers, ensuring secure and efficient transactions. The process is similar to traditional OTC trading, where buyers and sellers negotiate and agree on the terms of the trade. BYDFi's OTC desk provides liquidity and convenience for institutional investors and high-volume traders. Whether you're looking to buy or sell large amounts of cryptocurrency, BYDFi's OTC trading desk can help you execute your trades smoothly.
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