Tokenomica Announces Crypto-to-Euro Trading Through OTC

Tokenomica Announces Crypto-to-Euro Trading Through OTC

Tokenomica, a Malta-based crypto-asset exchange, has announced crypto-currency trading for large participants through over – the-counter, or OTC.

The exchange announced in its blog that it is also provides users the ability to trade large amounts of BTC for Euros, apart from the order books of the exchange.

The announcement by the exchange made it clear that other cryptocurrencies would also be available for trading on OTC, but remained ambiguous about other trading pairs with the Euro.

OTC Trading Prevents Drastic Price Fluctuations

Crypto exchanges have order books hosting different price levels at which buyers and sellers look at each of the different digital assets to be transacted.

So, if a large buyer (or seller) comes along and buys all the offerings available in the order book close to the market price of any given asset, then that asset would likely move dramatically in price. Some entities offer OTC trading to prevent such drastic price fluctuations, which essentially allows large buyers and sellers to agree on a price and to transact away from the order books.

It is worth noting that, a huge number of U.S.-based outfits offer OTC crypto trading, including Coinbase and Gemini. Similar to Tokenomica, Binance is another Malta-based crypto exchange that offers OTC trading.

Tokenomica Offers Euros for BTC

In contrast to the stablecoins used in various capacities on a number of exchanges, large traders can swap BTC for real fiat Euros on Tokenomica, Tokenomica pointed out in its announcement, adding that participants may also transfer fiat funds to and from their bank accounts.

Bitcoin OTC trades on Tokenomica must be in size between 5 and 50 BTC and incur a trading fee of 0.75 percent.

Large crypto participants can also use OTC trading by Tokenomica for any digital assets that are available on the exchange, the announcement noted.

Additionally, one of OTC’s biggest digital asset dealers, B2C2, joined forces with U.S .- based crypto business SFOX just a few days ago, demonstrating that OTC markets are big business in crypto space.

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Abdulhay Mahmoud 414 Articles
Abdulhay Mahmoud is a creative writer with over 15 years of experience in journalism, translation, and investor relations. He has B.A in English and Literature from a reputable University. He recently became a contributor at Cryptolydian.com to fulfill his thirst in reporting digital coins and blockchain-related news, an interest was built over the years.