What is USDT OTC trading? www.deekpay.com

USDT OTC market is also known as: fiat currency trading market, C2C peer-to-peer trading mode, is the collocation of USDT buyers and sellers transactions, is the buyer directly with the fiat currency to buy USDT place, can also be understood as a place to recharge the OTC trading is the role of "recharge" and "withdrawal". "Cash out".

Suppose you want to trade USDT on the OTC trading platform, but you only have fiat currency (USD, etc.) in your hand, you need to buy coins from USDT merchants on the USDT OTC trading platform, and then transfer the USDT coins to the trading platform for coin trading. At the same time, if you want to "cash out", you can transfer your USDT to the OTC market and sell it to the USDT merchant to get fiat currency (USD, etc.).

Second, how does USDT over-the-counter (OTC) work?

The over-the-counter (OTC) business plays a pivotal role in the cryptocurrency space - how exactly does it work?

1. Over-the-counter or OTC, which is characterised by transactions occurring directly between the trading parties, is a product that exists in many financial markets, and OTC trading platforms offerNew York Stock Exchange (NYSE), andNasdaq (Nasdaq)The instant quotes for many of the stocks in the market, and trillions of dollars worth of bonds and commodities are also traded over-the-counter every year.

2. So what is over-the-counter (OTC) trading in the cryptocurrency space? Although the exchange of ETH and BTC between individuals and individuals in a broad sense is also considered an OTC transaction, but it is different from the traditional OTC transaction, the OTC transaction in the cryptocurrency field, more often than not, carries the deposit and withdrawal of fiat currencies, such as the direct exchange of the U.S. dollar, Japanese yen, the pound sterling, etc., with USDT and BTC.

3. Another factor that spawned the OTC boom, is compliance issues, due to the different policies of each country, directly on the exchange through the fiat currency to buy a large number of cryptocurrencies, or sell cryptocurrencies for cash, in fact, there is a certain threshold, coupled with the spread and slippage issues, some of the large transactions, also tend to be carried out off-exchange, which is why we can sometimes see BTC off-exchange sustained positive premiums or negative premiums.

To summarise briefly, when trading is unable to support direct deposit and withdrawal of certain types of fiat currencies, and people who happen to hold those fiat currencies, have a huge demand for deposits and withdrawals, this aspect of the business can continue to grow. With that, it also gave rise to the launch of industries such as the USDT stablecoin. A few years ago, cryptocurrency OTC trading, compared to its current size, was a far cry from what it is now, and today, cryptocurrency OTC trading has grown to a great extent as it reaches hundreds of billions annually. As the industry increases, OTC will continue to be present as the driving force behind it.