OTC Crypto & Bitcoin
When you’re ready to buy or sell cryptocurrency, you can make it easy by using an OTC trading platform. The process of OTC trading involves sending a bank transfer to the counterparty, and then transferring the cryptocurrency to the buyer. The process is also facilitated by Know Your Customer due diligence, which ensures that both parties meet their legal requirements. Currently, it’s difficult to quantify the volume of OTC trading in the cryptocurrency markets, as the transactions are not publicly reported or audited.
OTC trading desks are valuable for whales, people who trade large amounts of cryptocurrency. They can conduct large trades without causing slippage. Because OTC desks are independent, they can be highly reliable and secure. While the regulatory landscape in North America and Asia is relatively simple and uniform, there are still many differences between the two regions. For example, Mainland China has strict capital controls and ambitions to ban mining and trading.
Major crypto desks will remain an important port of entry for institutional money. These desks will continue to thrive and develop as a way for whales to move money. But unlike traditional exchanges, they’ll not pull the market, and will be a gateway to larger institutional investors. Therefore, a centralized exchange might not be the best place to trade crypto. If institutional investors need to invest in crypto, they’ll want to use a platform that offers OTC trading for their clients.
Decentralized OTC crypto exchange
The best crypto exchanges offer OTC trading made easy. Coinbase, for instance, offers a hassle-free OTC trading experience. Satstreet, a large digital currency brokerage based in Toronto, Canada, is another option. Satstreet has excellent security standards and is registered with the Canadian National Financial Transactions Agency, or FINTRAC. They are also registered with a number of regulatory agencies. This means that you won’t need to worry about scams or slippages.
OTC Crypto & Bitcoin Trading Made Simple
OTC trading has several advantages. Most importantly, you’ll save money. You’ll avoid the high fees and institutional supervision associated with conventional exchanges. Plus, you can buy and sell cryptocurrency direct from the source. There’s no minimum or maximum transaction amount, and you can buy and sell as much as you’d like without any intermediaries. However, OTC trading isn’t as fast as conventional crypto exchanges. Large transactions may take a long time to complete, which could cause substantial financial loss.
Because of the volatility of cryptocurrency prices, large corporate buyers need to spread their assets across multiple exchanges. This makes it difficult for them to buy or sell large amounts of BTC on a single exchange. Therefore, large buyers should use OTC trading made easy platforms. These platforms provide liquidity to the crypto markets by matching buyers and sellers through developed networks at a fixed price. So, how does this system work? Here are a few of the benefits of using an OTC broker:
Unlike traditional exchanges, OTC trading has fewer restrictions. Traditional exchanges are susceptible to hacking attacks, so you don’t want to risk your assets. Moreover, OTC trading requires a trusted broker. It’s also easier for novice investors to understand, because OTC trading is much simpler and convenient. And most OTC trading desks offer a chat application, which makes it easy for you to communicate with other traders.
