Is it possible to negotiate OTC commission rates in cryptocurrency trading?

3 answers

• Nov 27, 2021 · 3 years ago
  Yes, it is possible to negotiate OTC commission rates in cryptocurrency trading. OTC stands for Over-the-Counter, which refers to trading outside of traditional exchanges. Unlike exchange-traded cryptocurrencies, OTC trading allows for more flexibility in terms of pricing and fees. While some OTC desks may have fixed commission rates, others are open to negotiation. Factors that may affect the negotiation process include the trading volume, the relationship with the OTC desk, market conditions, and the specific cryptocurrency being traded.
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• Nov 27, 2021 · 3 years ago
  Absolutely! When it comes to OTC trading in the cryptocurrency world, commission rates are not set in stone. OTC desks understand the competitive nature of the market and are often willing to negotiate rates to attract more traders. The negotiation process can involve discussing the trading volume, the duration of the trade, and the overall relationship with the OTC desk. It's always worth exploring the possibility of negotiating commission rates to ensure you get the best deal.
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• Nov 27, 2021 · 3 years ago
  Yes, it is possible to negotiate OTC commission rates in cryptocurrency trading. At BYDFi, we understand the importance of flexibility in OTC trading. Our commission rates are not fixed and can be negotiated based on various factors such as trading volume, the duration of the trade, and the specific cryptocurrency being traded. We strive to provide our clients with the best possible rates and are open to discussing individual needs and preferences. Feel free to reach out to us for more information on our negotiation process.
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