What Is OTC In Cryptocurrency Trading?

in Tron Fan Club2 years ago

Assalamualaikum

How are you all. I hope everybody is well. I am also well by grace of Almighty Allah.

Today I bring you a very important topic. If you know today's matter, you will benefit a lot. Besides, if we know this matter, then we do not have to face any kind of problem. If we can know this, then we can improve a lot in life. What I am going to share with you today is What Is OTC In Cryptocurrency Trading?

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Most of us have heard the term OTC and most of us know about this term. It is a financial technology framework. It works a bit like private trading. Here OTC traders always deal with buyers. Transactions are done very well here. After a buyer and seller place an order, they receive the item and transact in various ways.

Crypto OTC Trading is a closed trading platform. Here sports are exchanged directly between buyers and sellers. It is not like other buyers. It is a different type. As a result, many people like it. So here buyers want to buy something according to their specific money. Besides that here they want to sell their goods according to their fixed amount. If the buyer and seller agree on the same price, then there is an OTC exchange.

Difference Between Main Trading Market And OTC Market

Here customers have to pay for the required resource if they request it. It involves transactions on behalf of the customer. Once they apply they can buy it from here. They can change it in different ways along with the price. If the buyer and seller agree hereto then the transaction will take place. And if they cannot agree here, they will not enter into any transaction or contract here. So if anything good is to be achieved here then both parties must agree and both parties will benefit.

If both parties here can accomplish everything together then both parties will benefit. Moreover, no process will be gained. So we must be aware of the matter. All these things should be well thought out so that everyone can enjoy all the things and everyone can benefit from the calculation.

Thanks for advance to see my post. If there is anything wrong, please tell me. Also see this post with your forgivable eye.

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Upvoted! Thank you for supporting witness @jswit.

So many thanks for yyour support.

You have explained what OTC in crypto trading means, thank you for sharing with us 😊👍

You are welcome.

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