Crypto OTC Service | What Should You Know About It?
Cryptocurrency market is very volatile. On the 2nd of April, Bitcoin gained 20% with just one hour! Prices change fast which may cause losses, especially if you trade for short term and you operate on large amounts. To protect yourself from such situations, you can consider OTC service.
What is an OTC service?
OTC (Over-the-counter) is a term which originates from the U.S. stock market. It describes the situation when trading is done directly between two parties to execute high-volume trades without going through public order books. In the case of cryptocurrency trading, OTC allows you to purchase large blocks of cryptocurrencies at once.
Who can use OTC?
You don’t have to be a company to benefit from this kind of offer. This option is available for institutional clients as well as for individuals who are interested in buying larger quantities of digital currencies.
OTC mechanics
“OTC gives you access to dozens of exchanges and liquidity pools in one place. Moreover, thanks to our over-the-counter service you can exchange a wide range of cryptocurrencies for popular FIAT currencies (USD, EUR, PLN). We provide an RFQ option (request for the price) that allows you to receive price information in just milliseconds before making a transaction” explains Przemysław Borecki, Trading & OTC Specialist at BitBay.net
Do you want to learn more about BitBay’s OTC service?
Drop us an email at OTC@bitbay.net.
