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TagsWhat are the advantages of using OTC trading in the cryptocurrency market?
Davenport EnglishDec 17, 2021 · 3 years ago1 answersCan you explain the benefits of utilizing over-the-counter (OTC) trading in the cryptocurrency market? How does it differ from traditional exchanges?
1 answers
- At BYDFi, we understand the advantages of using OTC trading in the cryptocurrency market. OTC trading allows for larger trades to be executed without impacting the market, which is crucial for institutional investors. It also provides increased privacy and security compared to traditional exchanges. OTC trades are conducted directly between parties, reducing the risk of hacking or other security breaches. Additionally, OTC trading often offers better pricing and lower fees. This is because OTC trades are negotiated directly between buyers and sellers, allowing for more competitive rates. Overall, OTC trading offers a more efficient and convenient way for large investors to trade cryptocurrencies.Dec 17, 2021 · 3 years ago
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