What does OTC currency circle mean?
OTC currency circle is an over-the-counter cryptocurrency market. Its characteristics include non-public transactions, large-amount transactions and customized transactions. The OTC trading process involves contacting market makers, negotiating terms, payment and delivery. Its advantages are privacy, flexibility and large-volume transactions, but its disadvantages are low liquidity, reliance on market makers and opaque prices.
OTC Currency Circle: Analysis of the OTC Market
What is the OTC currency circle?
OTC currency circle refers to the over-the-counter (OTC) cryptocurrency market. In the OTC market, transactions are not conducted through a centralized exchange, but directly between buyers and sellers.
Features of OTC trading
- Non-public transactions: OTC transactions are conducted in private channels, such as instant messaging applications or specialized OTC platforms.
- Large transaction: The OTC market is usually used to handle large transactions because it can provide more flexible prices and faster execution speeds.
- Customized trading: OTC trading allows participants to negotiate trading terms such as price, delivery time and payment method.
Operation of OTC currency circle
OTC trading usually involves the following steps:
- Contact the market maker: The buyer or seller contacts the market maker that provides OTC services and asks for a quote.
- Negotiate terms: Buyers and sellers negotiate transaction terms, including price, quantity and delivery details.
- Payment and Delivery: Buyers transfer funds to sellers, and sellers transfer cryptocurrencies to buyers.
Advantages of OTC trading
- Privacy: OTC transactions are highly private, and participants do not need to disclose their trading activities.
- Flexibility: OTC trading allows participants to customize trading terms to meet their specific needs.
- Large Transactions: The OTC market can handle large transactions without affecting the market price.
Disadvantages of OTC trading
- Low liquidity: Compared with centralized exchanges, the OTC market has low liquidity.
- Dependence on market makers: OTC transactions rely on market makers to provide quotations and liquidity, and there may be risks of fraud or slippage.
- Price is not transparent: The price of OTC transactions may not be transparent, and participants need to carefully evaluate the quotation and conduct due diligence.
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