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Binance OTC Trading Navigation Guide

Beginner’s Guide to the Binance OTC Trading and Review

What is OTC Trading or Over The Counter?
Over-the-counter (OTC) or off-exchange trading is done directly between two parties, without the supervision of an exchange
providing transparency and maintaining the current market price.

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Binance had launched its OTC trading for its global exchange in January 2019. It is contrasted with exchange trading, which occurs via exchanges. A crypto exchange has the benefit of facilitating liquidity, providing transparency, and maintaining the current market price.

Over the Counter Trade (OTC) is a Simple portal where in you can perform over the counter trade $10,000 or higher all at once at seamless. Very institutional focus so that you can trade large quantities in a single trade. With saving time by going to that one clearing at that one trade. Basically what special is that its figure will not neccessarily messing with the normal order books.

 

 

🔶Over-The-Counter Markets

 

OTC markets are primarily used to trade bonds, currencies, derivatives and structured products. They can also be used to trade equities, with examples such as the OTCQX, OTCQB, and OTC Pink marketplaces.
 
 
  • OTC PINK

           ◦  OTC Pink is also know as Pink Open Market, s the lowest and most speculative tier of the three marketplaces for the trading of over-the-counter and is the most speculative of OTC Markets Group’s platforms.

 

  • OTCQB

          ◦  OTCQB, also called “The Venture Market,” is the middle tier in OTC Marketplace or groups.

  • OTCQX

          ◦ The OTCQX is the top tier of the three marketplaces for the over-the-counter.

 

 

🔶Who can use OTC Trading ?

 

Anybody can actually facilitate, you don’t need to be a retail, you don’t have to be an institutional investor or institutional client. You can come from retail and you need to go through the Corp on-boarding process with you. Also great is that when you’re doing that process in there. A dedicated person basically a counter part who will be there with you every step of the way to help you set up the API is everything you need. As long as you are willing to go through verification status and go through all the steps.

 

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🔶OTC a lot of demand ?

 
A lot of people are really just using our OTC portal because they need access to liquidity and have to say that Binance US is committed keeping the lowest fees and all PCOS system in America so more and more people are more opting in to want to come through with OTC.

🔶Summary

 
  • OTC is Over the counter digital asset trading desk.
  • OTC option is only available for trades valued at $10,000 or more.
  • OTC cryptocurrency trades are negotiated directly between the buyer and the seller. no need for any centralized exchanges or entity to involve
  • OTC traders allow for the movement of large amounts of money, and usually offer better privacy than regular trading through a centralized platform.
  • Right now Binance is supporting 70+ Cryptocurrencies for OTC trading.

🔶Features

  • Very low fees
  • Ease of use, quick trading
  • Ability to exchange in cryptocurrencies
  • Wide range of cryptocurrencies
  • Provide liquidity
  • Trade larger size
  • One of the most innovative exchanges

🔶Disclaimer

“The investments and services offered by Binance may not be suitable for all investors. If you have any doubts as to the merits of an investment, you should seek advice from an independent financial advisor.”

Source:

Binance.com

 


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