tokenomica otc trading
Malta-based Crypto Exchange Tokenomica Announces OTC Crypto-To-Euro Trading
February 19, 2020
tokenomica otc trading
Malta-based Crypto Exchange Tokenomica Announces OTC Crypto-To-Euro Trading
February 19, 2020

Tokenomica, a crypto asset exchange based in Malta has announced over-the-counter, or OTC, cryptocurrency trading for large participants.

On Feb. 18 the Mediterranean-based exchange announced in its blog that it offers participants the ability to trade large amounts of BTC for Euros, separate from the exchange’s order books.

The exchange’s announcement made clear that other cryptocurrencies would also be available for OTC trading but remained ambiguous as to other trading pairs with the Euro. 

Crypto exchanges have order books hosting various price levels at which buyers and sellers look to transact each different digital asset. If a large buyer (or seller) comes along and buys all the available offers in the order book close to any given asset’s market price, then that asset would likely move dramatically in price.

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To prevent such drastic price fluctuations, some entities offer OTC trading, which essentially allows large buyers and sellers to agree on a price and transact away from order books.

Large traders can swap BTC for real fiat Euros on Tokenomica in contrast to the stablecoins used in various capacities on a number of exchanges.

Tokenomica pointed out in its announcement, adding that participants can also transfer fiat funds to and from their bank accounts.

Bitcoin OTC trades on Tokenomica must be between 5 and 50 BTC in size and incur a 0.75% trading fee. Large crypto participants can also use Tokenomica’s OTC trading for any digital assets available on the exchange.


Source: Cointelegraph.com


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