What Over-The-Counter Trading with Cryptocurrency Means in San Diego?

OTC Bitcoin trading experienced a massive uptick in the past few years. This is because brokers are fighting to get into crypto markets. The OTC Bitcoin trading market operates similarly to the way the traditional financial OTC market does. Interestingly, many established crypto exchanges have their own OTC trading desk that is designed to take advantage of the increased demand from institutional and retail investors.

North America and Asia are leading the way when it comes to over-the-counter crypto trading. Some of the major market participants are cryptocurrency miners, high-net-worth individuals, and private banking institutions.

By the end of 2020, many of the biggest over-the-counter digital asset platforms saw massive spikes in their trading volume compared to the previous year. Some over-the-counter trading platforms reached the $1 billion mark in less than one year of getting involved in this aspect of cryptocurrency trading.

Off-exchange cryptocurrency trading was a big thing all the way back in 2014 when the first crypto OTC trading platform was launched to help out Bitcoin miners. Trading Bitcoin is no different than trading other assets, like stocks or bonds. Investors get into a bilateral contract. This means that there is a deal being done between two parties.

The big boys, including professional high-volume traders, hedge funds, and family offices, are the main players in the OTC market. They are doing trades at a minimum of $20,000-$70,000.

Learn more about the OTC market and see how RockItCoin is helping people make the most of their Bitcoin assets through Bitcoin ATMs by visiting this website.

Be the first to like.
Share!

    Pin It on Pinterest

    Shares