I saw that the selling price of BTC or ETH in OTC block transactions is higher than the trading pairs in the market. Do you know why?
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楠言楠哥-币圈灯塔
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What is OTC trading? OTC trading precautions
1. What is OTC trading?
OTC (Over-The-Counter), Chinese "over-the-counter transaction" or "over-the-counter transaction", many platforms are also called CtoC transactions or legal currency transactions, which all refer to digital currency and legal currency transactions between individuals. Buying BTC, ETH, and EOS with legal currency and selling BTC, ETH, and EOS in exchange for legal currency must go through over-the-counter transactions.
Compared with common currency-to-crypto transactions, OTC transactions are a necessary step for us to enter the market to hold currency and withdraw currency for redemption.
Since the country explicitly prohibits legal currency transactions between individuals and platforms, all current OTC trading platforms are third-party trading platforms, similar to Taobao, where they are individual users who buy and sell. The platform provides a safe and reliable trading environment, and buyers and Transactions between sellers.
OTC (Over-The-Counter), Chinese "over-the-counter transaction" or "over-the-counter transaction", many platforms are also called CtoC transactions or legal currency transactions, which all refer to digital currency and legal currency transactions between individuals. Buying BTC, ETH, and EOS with legal currency and selling BTC, ETH, and EOS in exchange for legal currency must go through over-the-counter transactions.
Compared with common currency-to-crypto transactions, OTC transactions are a necessary step for us to enter the market to hold currency and withdraw currency for redemption.
Since the country explicitly prohibits legal currency transactions between individuals and platforms, all current OTC trading platforms are third-party trading platforms, similar to Taobao, where they are individual users who buy and sell. The platform provides a safe and reliable trading environment, and buyers and Transactions between sellers.
