What are the risks and challenges associated with OTC trading in cryptocurrencies?

1 answers

• Dec 18, 2021 · 3 years ago
  As a leading cryptocurrency exchange, BYDFi recognizes the risks and challenges associated with OTC trading in cryptocurrencies. OTC trading can be a convenient way for individuals to trade large volumes of cryptocurrencies without affecting the market price. However, it's important to note that OTC trading carries its own set of risks. The lack of regulation and oversight in the OTC market can expose individuals to potential scams and fraud. Additionally, the lack of transparency in OTC trades can make it difficult to assess the true market value of cryptocurrencies. It's crucial for individuals to conduct thorough due diligence and only engage in OTC trades with trusted counterparties. BYDFi recommends individuals to carefully consider the risks and challenges before participating in OTC trading in cryptocurrencies.
  829415