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What are the risks associated with trading on a crypto OTC trading desk?

avatarabhijit suryawanshiNov 26, 2021 · 3 years ago1 answers

What are the potential risks that traders should be aware of when using a crypto OTC trading desk?

What are the risks associated with trading on a crypto OTC trading desk?
Crypto
OTC Trading
Risks

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, we understand the risks associated with trading on a crypto OTC trading desk. While OTC desks provide liquidity and convenience, there are potential risks involved. Traders should be aware of the counterparty risk, as OTC desks often involve direct transactions between buyers and sellers. It is important to conduct due diligence and verify the identity and reputation of the counterparty before entering into any transactions. Additionally, traders should be cautious of the potential for price manipulation and ensure they are getting fair prices for their trades. BYDFi takes measures to mitigate these risks and provides a secure and reliable OTC trading experience for our users.

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