Why do some cryptocurrency investors prefer OTC securities over traditional exchanges?
lufyyDec 16, 2021 · 3 years ago3 answers
What are the reasons why certain cryptocurrency investors choose to trade OTC securities instead of using traditional exchanges?
3 answers
- Dec 16, 2021 · 3 years agoSome cryptocurrency investors prefer OTC securities over traditional exchanges because it allows them to trade large volumes without impacting the market price. By conducting trades off-exchange, they can avoid slippage and maintain better control over their transactions.
- Dec 16, 2021 · 3 years agoOTC securities provide a more private and secure trading environment for cryptocurrency investors. Unlike traditional exchanges, OTC trades are not visible on the order book, which can help prevent front-running and other market manipulation strategies.
- Dec 16, 2021 · 3 years agoAt BYDFi, we believe that OTC securities offer unique advantages for cryptocurrency investors. OTC trading allows for greater liquidity and flexibility, as it enables direct peer-to-peer transactions without the need for intermediaries. This can result in faster execution and better pricing for traders.
Related Tags
Hot Questions
- 99
How can I minimize my tax liability when dealing with cryptocurrencies?
- 81
What are the advantages of using cryptocurrency for online transactions?
- 68
How can I protect my digital assets from hackers?
- 60
Are there any special tax rules for crypto investors?
- 58
How does cryptocurrency affect my tax return?
- 37
What are the best digital currencies to invest in right now?
- 29
How can I buy Bitcoin with a credit card?
- 27
What are the best practices for reporting cryptocurrency on my taxes?