Home / Crypto News / Coincheck announces the start of BTC (Bitcoin) OTC trading!

Coincheck announces the start of BTC (Bitcoin) OTC trading!



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cryptocurrency Exchange Coincheck (coin check) has launched a large-scale OTC trading service.

Currently, OTC trading is BTC (bitcoin) only, and future correspondence is to be examined as needed.

The volume of OTC transactions supported by Coincheck is at least 50 BTC (22.5 million at the current price).

(Image citation: coincheck.blog)

OTC (Over The Counter) trading is a service that allows you to buy and sell cryptocurrency directly with the storefront (service provider) rather than in the board of the exchange.

Large-scale investors have the advantage of using OTC trading, such as “we can trade without affecting the market price” and “collectively trade beyond the limit of traditional trading volume” .

Recently, the introduction of OTC trading in cryptocurrency exchanges has progressed both in Japan and overseas, and recently, the cryptocurrency exchange Huobi announced that the OTC trading targeting XRP (ripple) has begun.

cryptocurrency Exchange Huobi Launches Ripple $ XRP OTC Trading-CRYPTO TIMES

Article Source: Coincheckblog

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Author: Yushi [Coin Desk News]-Source Post: https://crypto-times.jp/coincheck-otc-start/

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