What are the benefits of trading cryptocurrencies over-the-counter (OTC)?

3 answers

• Gill OhlsenDec 11, 2023 · 2 years ago
  Trading cryptocurrencies over-the-counter (OTC) offers several benefits. Firstly, OTC trading allows for larger trades without impacting the market price. This is especially important for institutional investors who want to buy or sell large amounts of cryptocurrencies without causing significant price fluctuations. Additionally, OTC trading provides more privacy and confidentiality compared to trading on traditional exchanges. OTC trades are usually conducted directly between buyers and sellers, reducing the risk of front-running or market manipulation. Lastly, OTC trading offers more flexibility in terms of settlement options and customized trading terms, allowing parties to negotiate and agree on specific terms that suit their needs.
  746

  373
• OstikAug 30, 2021 · 4 years ago
  The benefits of trading cryptocurrencies over-the-counter (OTC) are numerous. One major advantage is the ability to access a wider range of cryptocurrencies that may not be available on traditional exchanges. OTC markets often offer a larger selection of digital assets, including tokens from new projects or less popular cryptocurrencies. Additionally, OTC trading can provide better liquidity for certain cryptocurrencies, especially those with lower trading volumes on traditional exchanges. This allows traders to execute trades at more favorable prices. Furthermore, OTC trading can be faster and more efficient compared to traditional exchanges, as it eliminates the need for order book matching and reduces the risk of order slippage. Overall, OTC trading offers greater flexibility, access, and efficiency for trading cryptocurrencies.
  843

  281
• Bhauraj BiradarOct 15, 2020 · 5 years ago
  BYDFi, a leading digital asset exchange, offers OTC trading services for cryptocurrencies. OTC trading on BYDFi provides several advantages for traders. Firstly, BYDFi offers competitive pricing and deep liquidity for OTC trades, ensuring that traders can execute large orders without significantly impacting the market. Additionally, BYDFi provides a secure and reliable trading platform, with advanced security measures to protect users' funds and personal information. Traders on BYDFi can also benefit from personalized support and assistance from the exchange's dedicated OTC trading team. With BYDFi's OTC trading services, traders can enjoy the benefits of trading cryptocurrencies over-the-counter with confidence and convenience.
  738

  185