Which cryptocurrencies are commonly traded OTC?

3 answers

• May 09, 2022 · 3 years ago
  Some of the cryptocurrencies commonly traded over-the-counter (OTC) include Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). OTC trading allows for larger transactions and provides privacy for high-net-worth individuals and institutional investors. It is often used by traders who want to avoid the potential price impact of their transactions on the open market. OTC trading desks and brokers facilitate these trades, providing liquidity and ensuring secure transactions.
  508

  254
• May 09, 2022 · 3 years ago
  In addition to the popular cryptocurrencies like Bitcoin and Ethereum, there are also OTC markets for altcoins such as Cardano (ADA), Binance Coin (BNB), and Chainlink (LINK). These markets cater to the demand for trading these specific cryptocurrencies outside of traditional exchanges. OTC trading can offer advantages such as faster settlement times and access to larger liquidity pools, making it an attractive option for certain traders and investors.
  456

  152
• May 09, 2022 · 3 years ago
  BYDFi, a leading digital asset exchange, offers OTC trading services for a wide range of cryptocurrencies. Through their OTC desk, traders can access competitive pricing, fast execution, and personalized support. BYDFi's OTC trading platform ensures secure transactions and provides a seamless experience for users. Traders can contact BYDFi's OTC desk to inquire about the availability of specific cryptocurrencies for OTC trading and to receive assistance with their transactions.
  482

  121