Crypto market participants face a wide range of methods to conduct operations with cryptocurrencies, and OTC is one of them. All tools they need for settlements are available within special OTC trading platforms.
OTC (over-the-counter) trading platforms provide market participants, both sellers and buyers, with tools to conduct deals without third parties. This means they can set up their own rules, including exchange rate and timing. OTC Crypto Brokers are responsible for such platforms' efficiency. Today, trading platforms are under the spotlight.
Trading platforms for crypto OTC also provide customers with protection. Both sellers and buyers are supposed to follow the predetermined settlement rules, aiming to avoid any fraud.
Features and functionality of OTC trading platforms
The main feature of OTC trading platforms is the convenient framework customers can use to interact with their deal partners. Such platforms also provide users with the liquidity they need and support conducting operations.
The best OTC platform should combine all the necessary tools and provide full compliance. It means that its functionality is supposed to include all the services users need to conduct over-the-counter deals, such as:
- A main platform where sellers and buyers can find each other.
- Tools to set the deal, such as a price terminal and chat to discuss details.
- Support and compliance services.
OTC trading platforms can offer a wide range of assets, including crypto and fiat currencies.
Comparison of popular OTC platforms
There are many OTC trading platforms on the market, and every single one wants to highlight their own features in order to eclipse rivals. Here are some examples:
- Binance OTC provides customers with one of the widest crypto listings. Its offer spot, algorithmic orders and options. It is one of the biggest platforms on the market, which means you can get access to the highest liquidity. Binance supports more than 300+ trading pairs.
- Kraken OTC, in turn, made a bet on institutional trading. It sacrificed the amount of provided trading pairs, stopping close to 150+, to concentrate attention on providing settlement flexibility.
- The itez OTC platform combines its rivals' strong sides under one roof. It offers users a set of convenient tools and ultimate secureness that convey customers the best over-the-counter experience. Premium service for businesses, sophisticated investors, high-net-worth individuals and institutions.
itez combines smooth onboarding, competitive pricing, and fast settlements, aiming to be at least one head higher than rivals. Check it out!
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This article is not an investment recommendation. The financial transactions mentioned in the article are not a guide to action. Itez is not responsible for possible risks. The user should independently conduct an analysis on the basis of which it will be possible to draw conclusions and make decisions about making any operations with cryptocurrency.
