According to a blog post on January 23rd – Binance, the number one cryptocurrency exchange in the ranking – announced the launch of over-the-counter outlets (OTC) for large transactions.
The new tool, called Binance OTC, offers services designed for users making transactions worth at least 20 BTC ($ 71,000).
"Our OTC cash desk allows Binance users to trade large amounts of many cryptocurrencies listed on the stock-exchange, and transactions are made through their Binance accounts," – officials explain.
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This step makes Binance the latest major cryptocurrency exchange for the launch of over-the-counter services, followed by the US Bittrex exchange last week.
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Meanwhile, Circle, a crypto-financial firm, reported in December that its existing OTC cash desk processed payments in the amount of about $ 24 billion in 2018.
At that time, the Diar news and research publication on cryptocurrency found that an increasing number of large investors began to prefer over-the-counter transactions over traditional tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details methods.
Editor: Yuliya Soroka