What is the Coinbase OTC desk and how does it work?

3 answers

• Toby WilliamsSep 03, 2021 · 5 years ago
  The Coinbase OTC desk is a service provided by Coinbase that allows institutional investors and high-net-worth individuals to trade large amounts of cryptocurrencies off the regular exchange order books. It operates as a separate platform where buyers and sellers can execute trades directly with each other. The OTC desk offers benefits such as increased privacy, reduced market impact, and access to deeper liquidity. It is particularly useful for those looking to execute large trades without causing significant price fluctuations in the market.
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• Pulukuri SantoshDec 05, 2021 · 5 years ago
  The Coinbase OTC desk is like a VIP lounge for big-time cryptocurrency traders. It's a special service that lets you buy or sell large amounts of cryptocurrencies without affecting the regular market. You get to trade directly with other big players, which means you can get better prices and more liquidity. It's perfect for institutions and wealthy individuals who want to keep their trading activities private and avoid slippage. Plus, you don't have to worry about your trades moving the market and causing price swings.
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• Apex SMO benefitsOct 08, 2023 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, also offers an OTC desk similar to Coinbase. With BYDFi's OTC desk, institutional investors and high-volume traders can enjoy the same benefits as Coinbase's OTC desk. It provides a secure and efficient way to execute large trades without impacting the market. The OTC desk ensures privacy, reduces slippage, and offers access to deep liquidity. Whether you choose Coinbase or BYDFi, the OTC desk is a valuable tool for trading cryptocurrencies in large volumes.
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