The OTC markets serve as a peer-to-peer platform for users who are keen to enter into the digital asset marketplace. While there are many different platforms out there, Huobi OTC is one of the most reliable OTC platforms out there.
OTC stands for Over-the-Counter, which quite simply means skipping or bypassing the counter. OTC refers to peer-to-peer (p2p) or over-the-counter trading carried out directly between customers and market makers - this means that there is no need for trades to happen on exchanges. Rather, in such a case, the seller and the buyer enter into a transaction directly with each other, usually with the assistance of third parties.
OTC trading has always been a key tool in the traditional financial market. However, in 2018, as cryptocurrencies began to get more popular so did trading them. Thus, OTC found its way into the world of cryptocurrencies as more users began to get involved in the space. LocalBitcoins became one of the most popular players when it came to p2p trades and still continues to be. A host of other players also emerged which includes OKEx, Remitano in Vietnam and Huobi OTC. Although I have used LocalBitcoins in the past, my personal favourite platform is Huobi OTC.
You can read the full article here: https://steemit.com/cryptocurrency/@somejasonguy/what-is-otc-and-my-experience-using-huobi-otc
Topic: What is OTC and my experience using Huobi OTC (Read 83 times)
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