Yes, Binance does OTC (over-the-counter) trading. This is a type of trading that is done off of exchanges, meaning that it doesn’t go through the traditional order book.
Instead, OTC trades are usually done between two parties, with a broker in the middle to facilitate the trade.
NOTE: WARNING: Trading on Binance Over-the-Counter (OTC) markets is a high-risk activity and should be done with caution. It is important to do your own research and understand the risks involved before participating in any OTC trade. Additionally, it is important to remember that OTC trades may not be reported to regulatory authorities or publicly available sources, which could make it difficult to track or audit such transactions.
This can be beneficial for traders who want to trade large amounts of cryptocurrency without affecting the market price. It can also be helpful for those who want to trade quickly, as there is no need to wait for orders to be filled on an exchange.
The downside of OTC trading is that it can be more expensive, as you are paying the broker’s fees in addition to the spread between the buy and sell price. You also need to be careful of who you are trading with, as there is no guarantee that they will follow through on their side of the deal.
Overall, OTC trading can be a good option for those who want to trade large amounts of cryptocurrency or do so quickly. However, it’s important to be aware of the potential risks before getting started.
9 Related Question Answers Found
Binance, the world’s largest cryptocurrency exchange by trading volume, is reportedly in the process of launching an over-the-counter (OTC) trading desk. The move would allow the company to offer OTC trading services to its institutional and high-net-worth clients. According to a report by The Block, citing people familiar with the matter, the Malta-based exchange is currently in the process of onboarding clients for its OTC desk.
Binance is a cryptocurrency exchange that was founded in 2017. The company is based in China but has an office in Japan. Binance offers a platform for trading cryptocurrencies.
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The company was founded in China but later moved its headquarters to Malta. Binance is the world’s largest cryptocurrency exchange by trading volume.
It is no secret that Binance is one of the most popular cryptocurrency exchanges in the world. But does Binance do KYC (Know Your Customer)? The answer is both yes and no.
Binance, the world’s leading cryptocurrency exchange by trading volume, has been ramping up its Initial Exchange Offering (IEO) platform lately. The platform was launched in April 2019 with the launch of Binance Launchpad. Since then, the platform has conducted six successful IEOs, with the most recent being the Celer Network token sale, which raised $4 million in just 18 minutes.
Binance is a digital asset exchange that facilitates trading of cryptocurrencies. The company is headquartered in Malta and was founded in 2017 by Changpeng Zhao. Binance offers a platform for trading more than 100 cryptocurrencies.
Binance, one of the world’s largest cryptocurrency exchanges, does not pay interest on deposits, according to a company representative. The exchange offers trading in a variety of digital assets, including bitcoin (BTC), ether (ETH), Binance Coin (BNB), and its own native token, the Binance USD (BUSD). While Binance does not offer interest on deposits, it does offer discounts on trading fees for users who hold its native token.
Binance, the world’s largest cryptocurrency exchange by trading volume, is considering an initial public offering (IPO) in 2021. The potential offering would be a landmark event for the cryptocurrency industry, which has largely been relegated to the fringes of the financial world. Binance would be the first major cryptocurrency company to go public.
Binance, the world’s largest cryptocurrency exchange by trading volume, does not currently have grid bots. However, the company has been exploring the possibility of offering them in the future. Grid bots are a type of trading software that is designed to take advantage of market volatility.
