http://en.zaoniao.it/index.php?action=history&feed=atom&title=Over-the-counterOver-the-counter - Revision history2026-05-15T08:20:24ZRevision history for this page on the wikiMediaWiki 1.32.0http://en.zaoniao.it/index.php?title=Over-the-counter&diff=6212&oldid=prevAdmin: Created page with "<amp/> '''Over-the-counter (OTC)''' trading of cryptocurrencies is done directly between two parties, without the supervision of an exchange. == Description == OTC t..."2019-06-24T07:21:10Z<p>Created page with "<amp/> '''Over-the-counter (OTC)''' trading of <a href="/Cryptocurrencies" class="mw-redirect" title="Cryptocurrencies">cryptocurrencies</a> is done directly between two parties, without the supervision of an <a href="/Exchange" class="mw-redirect" title="Exchange">exchange</a>. == Description == OTC t..."</p>
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'''Over-the-counter (OTC)''' trading of [[cryptocurrencies]] is done directly between two parties, without the supervision of an [[exchange]].<br />
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== Description == <br />
OTC trading for [[cryptocurrency]] is done particularly via the messaging platform Skype. The settlement of OTC transactions occurs through bank wire transfers and by sending cryptocurrencies to digital wallets.<br />
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Large volume traders prefer OTC over exchanges in order to not move the price of cryptocurrencies while trading. OTC trades are not reported. According to OTC dealers their desks often handle more than $100 million of cryptocurrency trades daily.<ref>Reuters: OTC crypto market flourishes, powered by Skype, URL: https://www.reuters.com/article/us-crypto-currencies-otc/otc-crypto-market-flourishes-powered-by-skype-idUSKCN1H91P4 </ref><br />
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Due to the restrictive regulation on cryptocurrency [[exchange|exchanges]] in China, OTC trading became particularly popular in China. Since it is illegal to buy [[Bitcoin]] in China, OTC traders buy it abroad and sell it in China for a margin.<ref>Bicoin.com: Bitcoin Mules Flood China as OTC Cryptocurrency Trading Flourishes, URL: https://news.bitcoin.com/bitcoin-mules-flood-china-as-otc-cryptocurrency-trading-flourishes/ </ref><br />
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== References ==<br />
[[Category:Trading]]<br />
==See Also on BitcoinWiki==<br />
* [[The Bit Mines]]<br />
* [[Chibi Fighters]]<br />
* [[Spiral Knights]]<br />
* [[Vera&John]]<br />
* [[Virtual crime]]</div>Admin