The team of one of the largest cryptocurrency exchanges Binance announced the opening of over-the-counter trading (Over-the-Counter, OTC) to provide additional liquidity to its large customers.
The new service will operate in the crypto-crypto format, and allow Binance users to trade large amounts of different cryptocurrencies on the exchange. Transactions will be made directly on their Binance accounts.
The OTC panel will allow traders operating large sums to save time by completing their transactions in one go. All transactions will be private and will not affect the order books. As previously mentioned, all transactions will be conducted using user accounts, and there will be no need for additional wallets.
The Binance team also explained why their OTC panel is better than others in the cryptoindustry.
Here are some advantages of cryptobirds:
- “We specialize in crypto-crypto trading using more than 80 digital assets in the Binance listing.
- We are constantly striving to offer fast pricing for your OTC transactions with a simple and fast settlement process.
- We have a wide and diverse client base.
OTC Trading Access Rules
At the moment there are only two requirements:
- Binance users must have a verified account of level 2 or higher;
- Each transaction must be worth at least 20 BTC.
All interested companies and individuals can directly contact the Binance OTC panel at [email protected] ”
As we already wrote, the launch of the Bakkt cryptocurrency platform , based on the Intercontinental Exchange (ICE), the operator of the New York Stock Exchange (NYSE), will attract institutional investors to the industry. The main reason Wall Street’s entry into Bakkt’s digital assets industry is trust.
To date, its own over-the-counter services have managed to open a whole range of cryptocurrency platforms, including OKEx , Huobi , Coinbase , Bittrex, Circle, itBit, Kenetic Capital, Genesis Trading and SFOX.
Share this material on social networks and leave your opinion in the comments below.
