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TagsWhat are the risks and challenges associated with OTC cryptocurrency trading?
tim strongDec 16, 2021 · 3 years ago1 answersCan you explain the risks and challenges that are commonly associated with over-the-counter (OTC) cryptocurrency trading? What are the potential drawbacks and difficulties that traders may encounter when engaging in OTC trading?
1 answers
- As a leading cryptocurrency exchange, BYDFi recognizes the risks and challenges associated with OTC cryptocurrency trading. While OTC trading can offer certain advantages, such as increased privacy and flexibility, it's important to be aware of the potential risks. These risks include the lack of regulatory oversight, which can make it easier for bad actors to operate in the market. Additionally, the lack of transparency and limited liquidity can make it difficult to find fair prices and execute trades efficiently. Traders should carefully consider these risks and conduct thorough due diligence before engaging in OTC cryptocurrency trading.Dec 16, 2021 · 3 years ago
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