Tokenomica Launches OTC Desk with BTC-EUR Pair
- The platform will charge a transaction fee of 0.75 percent for each trade.
Malta-based crypto exchange Tokenomica announced on Tuesday the launch of an over-the-counter (OTC) trading desk.
This will enable traders in the continent to buy or sell Bitcoins with euros. The exchange has set a minimum transaction limit of 5 BTC while the upper limit has been set at 50 BTC while the trading fees have been set at 0,75 percent.
The announcement also highlighted that all the fiat deposits and withdrawals made on the platform would be completed using SEPA and SWIFT payment systems.
Unlike many OTC platforms, it is facilitating trades directly with fiat, not with some fiat-pegged digital currency, Tokenomica also pointed out.
More and more institutions inclining towards crypto
The demand for OTC desks is surging with the influx of institutional investors in the crypto space who usually make large transactions.
Transactions on the OTC desks are not made using any order books, meaning a third party usually fix deals directly between the trading parties who are willing to buy or sell assets. As the deals were made in a private space, the exchange prices of volatile digital assets remain intact as no major buyer or seller directly approaches the open market.
Many major crypto exchanges, including Binance, Huobi, and Bithumb, also operate OTC desks to attract lucrative institutions on their platform.
Notably, in China, most of the crypto trading takes place using OTC counters following the blanket ban on centralized trading exchanges in 2017.
Regulated by Maltese laws, Tokenomica added support for euro last week, offering traders crypto-to-euro pairs.
The exchange also clarified that, apart from Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, it will add other digital currencies as well on its OTC platform.
Meanwhile, in the institutional crypto arena, B2C2, a cryptocurrency OTC Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider, partnered with SFOX to provide liquidity services to the high-volume investors.
Malta-based crypto exchange Tokenomica announced on Tuesday the launch of an over-the-counter (OTC) trading desk.
This will enable traders in the continent to buy or sell Bitcoins with euros. The exchange has set a minimum transaction limit of 5 BTC while the upper limit has been set at 50 BTC while the trading fees have been set at 0,75 percent.
The announcement also highlighted that all the fiat deposits and withdrawals made on the platform would be completed using SEPA and SWIFT payment systems.
Unlike many OTC platforms, it is facilitating trades directly with fiat, not with some fiat-pegged digital currency, Tokenomica also pointed out.
More and more institutions inclining towards crypto
The demand for OTC desks is surging with the influx of institutional investors in the crypto space who usually make large transactions.
Transactions on the OTC desks are not made using any order books, meaning a third party usually fix deals directly between the trading parties who are willing to buy or sell assets. As the deals were made in a private space, the exchange prices of volatile digital assets remain intact as no major buyer or seller directly approaches the open market.
Many major crypto exchanges, including Binance, Huobi, and Bithumb, also operate OTC desks to attract lucrative institutions on their platform.
Notably, in China, most of the crypto trading takes place using OTC counters following the blanket ban on centralized trading exchanges in 2017.
Regulated by Maltese laws, Tokenomica added support for euro last week, offering traders crypto-to-euro pairs.
The exchange also clarified that, apart from Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, it will add other digital currencies as well on its OTC platform.
Meanwhile, in the institutional crypto arena, B2C2, a cryptocurrency OTC Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provider, partnered with SFOX to provide liquidity services to the high-volume investors.