What is block trade vs sweep?

The private negotiation nature of Block trades allows for a more flexible and customized approach to financial transactions. It enables buyers and sellers to negotiate terms that best suit their individual needs, rather than being constrained by the public market's conditions.

BTCC, a prominent cryptocurrency exchange, offers a comprehensive range of services that cater to various aspects of the digital asset ecosystem. Among these services, BTCC's spot trading platform enables users to buy and sell cryptocurrencies at market prices, providing seamless access to the public market.

In addition to spot trading, BTCC also offers futures trading, allowing traders to speculate on the future price movements of cryptocurrencies. Furthermore, BTCC's wallet service securely stores users' digital assets, ensuring their safety and accessibility. These services, alongside others, demonstrate BTCC's commitment to providing a comprehensive and secure trading experience.

Blocks, unlike sweeps which are divided and disseminated through the public market, represent a unified transaction where the price is determined through private negotiations between the buyer and seller. This private negotiation process sets Blocks apart from the broader market dynamics, offering a unique approach to financial transactions.

Typically, Block trades involve a collaborative agreement between institutions and market makers. This collaboration stems from the institutions' liquidity needs, which market makers aim to fulfill by providing the necessary trading opportunities. The result is a tailored transaction that meets the specific requirements of both parties.