What are some examples of over-the-counter (OTC) transactions in the cryptocurrency industry?

3 answers

• Dec 16, 2021 · 3 years ago
  Sure! Over-the-counter (OTC) transactions in the cryptocurrency industry refer to trades that occur directly between two parties without the involvement of an exchange. Examples of OTC transactions include large institutional investors buying or selling large amounts of cryptocurrencies directly from miners or other investors. These transactions are usually conducted off-exchange and are negotiated privately. OTC transactions offer several advantages, such as increased privacy, reduced market impact, and the ability to execute large trades without causing significant price fluctuations on the open market.
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• Dec 16, 2021 · 3 years ago
  OTC transactions in the cryptocurrency industry can also involve peer-to-peer trading platforms or brokers. These platforms connect buyers and sellers directly, allowing them to negotiate the terms of the trade and settle the transaction outside of traditional exchanges. Some popular OTC trading platforms include LocalBitcoins, Paxful, and Kraken. OTC trading can be beneficial for individuals or businesses looking to trade large amounts of cryptocurrencies without affecting the market price or dealing with the liquidity limitations of regular exchanges.
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• Dec 16, 2021 · 3 years ago
  BYDFi, a leading digital asset exchange, also facilitates OTC transactions in the cryptocurrency industry. Through BYDFi's OTC desk, institutional investors and high-net-worth individuals can access deep liquidity and execute large trades with competitive pricing. BYDFi's OTC desk provides personalized service and ensures secure and efficient transactions. Whether you're looking to buy or sell cryptocurrencies in large volumes, BYDFi's OTC desk can help you navigate the OTC market with ease.
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