the Binance has set up an Over-the-Counter Trading Desk. In order for the Bitcoin exchange to users makes it possible to trade larger amounts of crypto-currencies, without regard to the Order Book. The transactions are handled via the respective Accounts of the users.
By Phillip Horch
On the 25. January 2019BTC$3.562,88 -0.43%part Facebook Twitter LinkedIn xing mail
Binance-users will be able to trade larger amounts of crypto-currencies traded over the counter. The Bitcoin exchange announced via a blog post. Accordingly, it is on the part of one of the largest Exchanges:
“Binance is pleased to announce the launch of our Crypto-to-Crypto Over-the-Counter (OTC) Trading Desk. Our OTC Desk allows Binance-users, larger amounts of many of the listed crypto-currencies, the transactions will be processed through your Binance accounts.“
20 Bitcoin minimum value of
for OTC trading or trading market participants in “over the counter” with each other, without affecting the Order Book. By the opening of such Trading Desks Binance creates for its users so the ability to trade a number of crypto-currencies in large quantity. This is according to Binance for at least 20 Bitcoin. (At the current Bitcoin exchange rate in about 72,000 dollars). Also, Binance in your blog post, be it for users that want to take advantage of this offer, it is necessary to have at least a Level 2 Account. Thus, it is necessary to identify interested first, before you can start trading OTC. Because Binance you have to upload to reach Level 2, first of all, a copy of your ID.
Similar operations on Bittrex
the Shanghai-based exchange is around CEO Changpeng Zhao is not alone. Only on 15. In January, we reported about similar operations from the United States. The stock market was to Bittrex, which opened an OTC Trading Desk. With this enabled, the exchange act, it is to your customers, Bitcoin, Tether, Litecoin, and Ethereum except for over-the-counter.