How does an OTC cryptocurrency exchange work?

3 answers

• Nov 24, 2021 · 3 years ago
  An OTC cryptocurrency exchange operates differently from a traditional exchange. Instead of using an order book, OTC exchanges facilitate trades directly between buyers and sellers. This allows for larger trades to be executed without impacting the market price. Buyers and sellers negotiate the terms of the trade, including the price and quantity, and the exchange acts as an intermediary to ensure a secure transaction. OTC exchanges are popular among institutional investors and high-net-worth individuals who require large trade sizes and prefer privacy in their transactions.
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• Nov 24, 2021 · 3 years ago
  When using an OTC cryptocurrency exchange, the process typically involves contacting the exchange's OTC desk or broker. The buyer and seller negotiate the terms of the trade, such as the price and quantity, and the exchange facilitates the transaction. OTC exchanges often have minimum trade sizes to cater to institutional investors. The advantage of using an OTC exchange is that it allows for larger trades to be executed without impacting the market price. Additionally, OTC exchanges offer privacy and personalized service to their clients.
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• Nov 24, 2021 · 3 years ago
  At BYDFi, an OTC cryptocurrency exchange works by connecting buyers and sellers directly. Our platform provides a secure and efficient way for users to trade cryptocurrencies over-the-counter. Buyers and sellers can negotiate the terms of the trade and execute large transactions without impacting the market. Our OTC desk ensures a smooth and secure transaction process, providing personalized service to our clients. If you're looking for a reliable OTC exchange, BYDFi is here to assist you.
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