Exchanges

25/01/19 07:00 UTC-4

Binance has announced the launch of over-the-counter outlets (OTC)

Binance has launched over-the-counter outlets (OTC)
Binance has launched over-the-counter outlets (OTC)

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.

Interesting in the section: Binance Coin, as additional tool

 

Launch OTS by other companies

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.

Interesting in the section: Bittrex - description, nuances, interface. Main aspects of trading on BITTREX

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

See also: "The founder of the OKCoin Exchange has become the largest shareholder of the LEAP Holdings Group"

#Binance #StockExchange #overthecounter #OTC #cryptocurrency

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