Binance Over The Counter (OTC) Trading Desk goes live

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Binance, the world’s largest cryptocurrency exchange has officially announced the launch of their crypto-to-crypto over-the-counter (OTC) trading desk.

The OTC desk allows Binance users to trade larger amounts of many cryptocurrencies listed on the exchange, with transactions being settled via their Binance accounts.

The OTC trading desk will allow high-volume traders to save time by clearing their trades at one go. All trades will also be private and the order books will not be touched.

As earlier mentioned, all settlements will be done using the user’s account and there will be no need of additional wallets.

Over-the-counter is a security that isn't traded on a formal exchange, allowing two parties to trade directly with each other without having their offers exposed to the public. However, OTC trading does come with its own set of risks.

However, the team at Binance has also explained why their OTC desk is better than the rest in the industry. They explained it...

Read More: https://bitzamp.com/binance-over-the-counter-otc-trading-desk-goes-live/