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What is the current OTC volume for cryptocurrencies?

avatarjackson mandelaDec 18, 2021 · 3 years ago3 answers

Can you provide information on the current over-the-counter (OTC) trading volume for cryptocurrencies? I'm interested in knowing the total volume of cryptocurrency trades that are conducted outside of traditional exchanges.

What is the current OTC volume for cryptocurrencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Sure! The current OTC volume for cryptocurrencies is constantly changing, as it depends on the demand and supply in the market. However, OTC trading has been gaining popularity in the cryptocurrency space due to its advantages over traditional exchanges. OTC trades are typically conducted directly between two parties, without the need for an intermediary exchange. This allows for larger trades and increased privacy. To get the most accurate and up-to-date information on the current OTC volume, it is recommended to check reputable cryptocurrency data providers or OTC trading platforms.
  • avatarDec 18, 2021 · 3 years ago
    The OTC volume for cryptocurrencies is not publicly disclosed by most exchanges or OTC trading platforms. This is because OTC trading is often conducted privately and off-exchange. However, it is estimated that the OTC volume for cryptocurrencies is significant and may even surpass the volume on traditional exchanges. OTC trading is popular among institutional investors and high-net-worth individuals who prefer to execute large trades without causing significant price movements in the market. It provides them with more liquidity and flexibility. If you are interested in OTC trading, it is recommended to reach out to OTC brokers or platforms that specialize in facilitating such trades.
  • avatarDec 18, 2021 · 3 years ago
    BYDFi, a leading cryptocurrency exchange, offers OTC trading services for cryptocurrencies. They have a dedicated team that handles large trades and provides personalized assistance to clients. The OTC volume for cryptocurrencies on BYDFi varies depending on market conditions and client demand. If you are interested in OTC trading, you can contact BYDFi's OTC desk for more information. They can provide you with the current OTC volume and assist you in executing large trades outside of the regular exchange order books.