Over-The-Counter operations have gone on successfully for cryptocurrencies. This is even after one of the the worst years experienced since they were launched. This year has seen dealers and brokers who perform transactions using the business model, busy with such transactions.
The transactions have also been preferred since an investor does not have to incur a higher trading fees as with other types of exchanges. They therefore take advantage of platforms such as Circle, Itbit and Coincola.
In a month like April, cryptocurrencies traded to the tune of billions through Over-The-counter platforms. This has led to a number of companies to offer the services even after they had launched digital asset exchange services.
Coin owners have taken advantage of the service in countries where crypto exchanges was banned completely. In china for instance, it has been a successful run for the O-T-C market; even though unregulated. This has seen those involved laughing to the bank all day long.
What clients get from OTC desks
Over-The-Counter forums run on a wide network and perform a lot for traders. These includes enabling liquidity in the market which facilitates smooth trading. OTC dealers use social media platforms to perform their functions and thus their success as an alternative for trading crypto. While doing this, they ensure that their channels are secure to avoid exposing the client to unnecessary risks such as fraud. Traders benefit from this and also due to the fact that they can access them twenty-four hours a day.
It has been a dull year for crypto, bitcoin getting the greatest hit. However all hope is not lost as OTC markets might just be the relief that would salvage them. Enthusiasts across the globe can trade successfully through this forum, even if there have been laws threatening the existence of crypto in the nation.