Australia’s CoinSpot Cryptocurrency Exchange Opens New Over the Counter (OTC) Trading Desk
The CoinSpot, which is an Australian crypto exchange has just gone ahead to announce their new launch. This is the launch of their specialized over the counter trading desk, one that will allow the different members to be able to perform some high volume transactions without the use of the traditional public order books.
It has been designed as a unique personalized service, and from this service, the company is aiming at solving the problems that are on liquidity together with the slippage for traders who have been dealing in the larger quantities. The Over the Counter service will be used as the recommended option if you are to transact from AUD $50,000 and more.
The new service by CoinSpot will help in providing an additional layer of confidence when individuals are trading; thus the parties involved will be able to limit their exposure to the current market fluctuations.
The Terms Of Trade
• Each of the trade taking place will need to be higher than or just equal to AUD $50,000.
• The over the counter trades will each attract a fee of 0.1%.
The CoinSpot company was founded back in 2013 and ever since it has been able to be one of the leading Australian exchanges in the market, as it has been able to get the most extensive selection in blockchain assets you can find in the Australian market.