What are the risks and challenges involved in trading crypto over the counter?

1 answers

• Dec 16, 2021 · 3 years ago
  At BYDFi, we understand the risks and challenges involved in trading crypto over the counter. OTC trading can be attractive to institutional investors and high-net-worth individuals who require large volume trades or prefer to keep their transactions private. However, it's crucial to consider the potential risks. OTC trades are not regulated in the same way as exchanges, which means there is a higher risk of fraud and market manipulation. Traders should carefully vet their counterparties and conduct thorough due diligence before engaging in OTC trading. It's also important to have a clear understanding of the terms and conditions of the trade, as well as any potential legal implications. BYDFi provides a secure and transparent OTC trading platform, ensuring that traders can engage in OTC trading with confidence.
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