What are the options for trading OTC on Robinhood with cryptocurrencies?

3 answers

• May 08, 2022 · 3 years ago
  Sure! When it comes to trading cryptocurrencies over-the-counter (OTC) on Robinhood, there are a few options available. Firstly, you can use the OTC trading desk provided by Robinhood itself. This allows you to trade large amounts of cryptocurrencies directly with Robinhood, outside of the regular exchange. Secondly, you can explore OTC trading services offered by other platforms or brokers that are compatible with Robinhood. These services act as intermediaries, connecting you with potential buyers or sellers of cryptocurrencies. Lastly, you can consider joining OTC trading communities or forums where you can connect with other traders interested in OTC transactions on Robinhood. Remember to do thorough research and consider the risks associated with OTC trading before making any decisions.
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• May 08, 2022 · 3 years ago
  OTC trading on Robinhood with cryptocurrencies is a convenient option for those looking to trade large amounts outside of the regular exchange. It allows for more privacy and flexibility in terms of pricing and execution. However, it's important to note that OTC trading may involve higher fees and risks compared to regular exchange trading. Make sure to understand the terms and conditions, as well as the counterparty risks involved in OTC transactions on Robinhood.
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• May 08, 2022 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, also offers OTC trading services that are compatible with Robinhood. With BYDFi's OTC desk, you can trade cryptocurrencies directly with BYDFi, leveraging their liquidity and expertise. This can be a great option for those who prefer a trusted third-party for OTC transactions on Robinhood. Remember to conduct your own due diligence and consider the fees and risks associated with OTC trading.
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