Poland-based cryptocurrency trading platform, BitBay, has announced the introduction of an OTC trading desk for its clients. The exchange, which happens to be the biggest of its kind in Central and Eastern Europe, has also confirmed the support cryptocurrency/fiat trading pairs.
The BitBay OTC desk will allow clients to transact large amounts of digital currencies at a fixed price. It will enable high net-worth individuals as well as institutional investors to conveniently trade digital assets against popular fiat currencies such as the Euro, the Sterling Pound, the US Dollar and so forth.
Furthermore, the new OTC desk uses a unique technology that combines multiple liquidity pools under a single platform. Traders will also have access to the real-time value of various virtual currencies. This information is vital in choosing what asset to buy or sell as well as the timing of the transaction.
Lastly, the BitBay exchange provides access to a reputable clearing service that exclusively deals with digital currencies. This enables users to enjoy enterprise-grade access to crypto markets around the world free of charge.
In summary, the following are the key features of the BitBay OTC desk.
- Allows users to conveniently trade in large amounts of cryptocurrencies at a fixed price.
- Allows users to trade cryptos against fiat currencies.
- Enables traders to access the real-time value of digital assets and make an informed decision before transacting.
- The funds generated from a sale are transferred immediately after the completion of a transaction. If the user wishes, they can withdraw them instantly.