Binance today announced the launch of a new OTC Trading Portal, which will serve only large investors and traders.
Binance set the rules:
- The minimum trade amount must be $ 10,000.
- Account verified by KYC which is the second level.
The key benefits of Binance are:
- The portal will offer better prices for making big deals compared to buying / selling on a classic stock exchange(This is possible because order books will start to shrink automatically).
- No more trouble waiting for your trade due to large order books.
- No drastic wicks.
- The portal will use new algorithms to free trade, and avoid significant market impacts.
- Increased speed(Trades will be cleared directly to accounts and there will be no blockchain transactions).
At present, you can trade 25 different coins and tokens on the new OTC trading portal, and more are planned in the future.
Try OTC TRADING PORTAL