What is the current volume of digital currency trading on the OTC market?
Jan FarinellaDec 17, 2021 · 3 years ago3 answers
Can you provide information on the current trading volume of digital currencies on the Over-the-Counter (OTC) market? I'm interested in knowing the total volume of digital currency trades that are happening off-exchange.
3 answers
- Dec 17, 2021 · 3 years agoThe current volume of digital currency trading on the OTC market is constantly changing due to the dynamic nature of the market. However, according to recent reports, the daily trading volume on the OTC market is estimated to be in the billions of dollars. This indicates that there is significant activity and liquidity in the OTC market for digital currencies.
- Dec 17, 2021 · 3 years agoAs an expert in the field, I can tell you that the current volume of digital currency trading on the OTC market is substantial. The OTC market provides an alternative platform for traders to buy and sell digital currencies directly, without the need for a centralized exchange. This allows for larger trades and greater privacy. While exact figures may vary, it is safe to say that the OTC market plays a significant role in the overall trading volume of digital currencies.
- Dec 17, 2021 · 3 years agoBYDFi, a leading digital currency exchange, offers OTC trading services for its users. The current volume of digital currency trading on the OTC market through BYDFi is impressive, with a wide range of cryptocurrencies available for trading. The OTC market provides an opportunity for traders to execute large orders without impacting the market price. It offers a convenient and secure way to trade digital currencies off-exchange.
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