RightBTC OTC Trading Platform Launches With No Trading Fees Or Withdrawal Limits
RightBTC, a leading digital asset management company is planning to launch its own OTC trading service. The platform is set not to have any withdrawal limit and to offer users services at no fee.
The trading platform will launch tomorrow September 19th and it will provide liquidity allowing for direct trades between brokers and the final consumer. RightBTC uses multiple risk control systems to strictly evaluate high value investments globally. The digital asset management platform aims at assisting investors make rational allocations of their digital assets by providing users with a variety of excellent investments.
Allowing for direct trades will give more control to investors. The platform was created with the capability to accommodate large transactions effectively making it suitable for both small and high profile investors. Withdrawal limits and transaction fees have been a challenge for investors dealing with large sums as the fees tend to accumulate while withdrawal limits restricted them. With RightBTC, these issues are no longer a concern to the investor.
Another major benefit of RightBTC’s trading platform is its ability to avoid slippage. In traditional trading platforms, large trades are often split and distributed among several traders to be executed. This however had a few challenges. For instance, the initial trader is likely to get a different price than they anticipated due to the high volatility in the cryptocurrency industry.
In addition, it may take time to find matches for the entire trade increasing the time it takes to complete a transaction. The RightBTC platform offers personalized services to high profile traders enabling them to lock prices so that they do not change between the time of buying and the time of selling.
The platform will not be limited to digital currencies but will also be enabled for crypto to fiat trades. It has always been a challenge for traders to exchange high volumes of cryptocurrency to fiat.
However, the blockchain’s OTC trading platform will work well for both large and small transactions making it desirable to large investors including large corporations and Initial coin offerings (ICOs). Users are required to undergo a rigorous KYC protocol to enhance security on the platform. As a result, the platform is able to effect payments in USD through PayPal and E-Pay and Alipay, WeChat Pay, and Union Pay for CNT/RMB transfers.