USDT OTC Trading and Regular Trading
Over-the-counter (OTC) trading of Tether (USDT) differs significantly from regular cryptocurrency exchange trading in several key aspects:
- Transaction Execution:
In OTC trading, transactions are conducted directly between two parties, often through a broker or intermediary, bypassing the centralized exchange. This direct negotiation allows for greater flexibility in pricing and transaction terms.
- Transaction Size:
OTC trading typically caters to large-volume transactions, often involving millions or even billions of USDT. This is because OTC platforms are better equipped to handle the complexities and risks associated with large-volume trades.
- Price Discovery:
Price discovery in OTC trading is more opaque and decentralized compared to exchange trading. Prices are negotiated between counterparties, and there is no central order book to provide transparent market prices.
- Counterparty Risk:
OTC trading involves direct counterparty risk, as you are transacting directly with another party. This necessitates thorough due diligence on potential counterparties to minimize the risk of fraud or non-delivery.
- Regulatory Framework:
OTC trading is subject to a different regulatory framework compared to exchange trading. While regulations are evolving, OTC platforms are expected to adhere to strict KYC/AML procedures and maintain transparency in their operations.
- Fees and Costs:
OTC trading may involve higher fees and costs compared to exchange trading due to the personalized service, negotiation process, and potential involvement of intermediaries.
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