The OTC Marketplace

Otcrit Platform
2 min readFeb 2, 2018

The current situation on the exchanges does not allow for big private investors to purchase great amounts of digital assets at once. The order books are thin, and this would cause a huge negative slippage when a market order for hundreds of thousands of dollars is placed. This makes trading a lot of the assets very difficult and time-consuming.
We are going to focus heavily on developing a great OTC marketplace, not only for top cryptocurrencies, but for all assets on the market we list on our exchange. Launching the over-the-counter marketplace on our exchange will allow investors to trade cryptocurrencies in large quantities, without influencing the order books, by directly dealing with other big traders on the platform. For example, you could place an order of $100 000 worth of Bitcoins or other assets and set your price for the total number of coins you are looking to get. You could also add the option for “Make best offer” where other investors can negotiate the deal with you. It is unnecessary that the trade must be executed only between two users, since if more people with fewer holdings agree to this price, they can join the deal and complete your order much faster.
Our high-level customers will chat between each other and agree on what terms they want to proceed. The privacy of everyone is guaranteed, but to protect us and the users, a KYC identification will be required to access the OTC marketplace. Otcrit will have attractive fees for this service, starting from a 0,08% maker fee and 0,10% for the order taker. We will also introduce the option to subscribe, which will benefit investors planning to execute a lot of deals on a given 30-day period. Paying this subscription gives you access to the whole trading platform, where no additional fees will be charged. This subscription can be purchased only with the OTC token.

ICO campaigns on the OTC market.
We plan to offer legitimate ICO campaigns to run their crowdfunding using our platform. This way, we can provide any serious business with low fees and a secure way of accepting any digital currency for their campaign while attracting investors with verified identity.

Give us 50 claps!
Whitelist: https://www.otcrit.org/whitelist

Visit our Website: https://www.otcrit.org/

Telegram: https://t.me/OtcritPlatform

Join the Bounty Campaign:
https://bitcointalk.org/index.php?topic=2747369

--

--