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What really goes on at a crypto OTC desk?

Published 05/16/2022, 09:49 AM
Updated 05/16/2022, 10:20 AM
What really goes on at a crypto OTC desk?
COIN
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Over-the-counter, or OTC, trading refers to any trading that is not done via an automated exchange. What exactly is OTC trading? Who does it, and why? To learn more about what an OTC desk is and how these under the radar exchanges operate, Magazine spoke to a few insiders to get the scoop.

The most popular conception of OTC trading revolves around massive off-market deals, like when companies such as MicroStrategy make multimillion-dollar purchases using OTC desks run by the likes of Coinbase (NASDAQ:COIN) or Kraken.

What really goes on behind the scenes at an OTC desk?
Rad in his Dubai office.
Rad told his story, and gave tips on avoiding crypto scams, in a recent Journeys in Blockchain article.

Who uses OTC exchanges like Crypto Desk?

Differing regulations

When cash changes hands, the IRS wants to know all about it! Source: IRS

Talking money

OTC desks provide a way to avoid slippage on exchanges.

Continue Reading on Coin Telegraph

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