Difference between revisions of "OTC"
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== How it works == | == How it works == | ||
A prospective crypto trader will likely need to go to a '''trading desk''' if they want to trade OTC. Trading desks are ran by most major exchanges, for example FTX.<ref>https://otc.ftx.com/</ref> The trader can ask for a quote and choose to directly purchase the entire amount of an asset they would like, rather than having to [[TWAP]] or incur slippage on an exchange. | A prospective crypto trader will likely need to go to a '''trading desk''' if they want to trade OTC. Trading desks are ran by most major exchanges, for example FTX.<ref>https://otc.ftx.com/</ref> The trader can ask for a quote and choose to directly purchase the entire amount of an asset they would like, rather than having to [[TWAP]] or incur slippage on an exchange. | ||
== References == | |||
<references /> | |||
[[Category:Glossary]] | |||
Latest revision as of 01:33, 3 May 2022
Over the counter (OTC) trades are when two parties trade directly with each other. OTC trades can be helpful when trading large amounts of a cryptocurrency as trading over the counter will not incur slippage.
How it works
A prospective crypto trader will likely need to go to a trading desk if they want to trade OTC. Trading desks are ran by most major exchanges, for example FTX.[1] The trader can ask for a quote and choose to directly purchase the entire amount of an asset they would like, rather than having to TWAP or incur slippage on an exchange.