Cryptocurrency Q&A
What is OTC in Binance?
What is OTC in Binance?
ZenBalance
Wed Nov 20 2024
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7 answers
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I'm trying to understand a financial term in the context of Binance, and that is OTC. Could someone explain what OTC stands for and how it relates to Binance?
7 answers
PulseWind
Fri Nov 22 2024
OTC is an acronym that stands for over-the-counter.
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TaegeukChampionship
Fri Nov 22 2024
In this trading framework, transactions are conducted directly between the buyer and the seller.
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amelia_miller_designer
Fri Nov 22 2024
Unlike traditional exchanges, OTC does not maintain a public order book.
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Valentina
Thu Nov 21 2024
This means that all trades are not listed in a centralized and accessible manner.
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BitcoinWarrior
Thu Nov 21 2024
The absence of a public order book allows for transactions involving large sums of money to be executed discreetly.
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