Exploring the OTC Trading Desk at Trade.io!

Introduction

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Yesterday I posted an article providing an explanation about what are OTC trades, and what type of investors are the ones that tend to make their purchases this way, I also mentioned that Trade.io recently launched its own OTC Trading Desk that will make it easier for its customers to sell & buy cryptocurrencies using this type of trade.

However, in that article I didn’t provide any explanation regarding the specific features that people will encounter when they start to use this new trading platform, which is why in this article we are going to explore all the details that make the OTC Trading Desk at Trade.io worth using!

Trade.io OTC Trading Desk | Its characteristics

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As I explained in the previous article, people who make OTC trades are usually big investors that make very large investments and don’t want to affect the market price with their movements of assets, in fact, we can see the magnitude of these investors when reading a quote from Trade.io’s CEO Jim Preissler that says: “It’s not uncommon to have a $10m deal come through the desk multiple times per day”. ^Source

In this particular case with Trade.io, being a crypto exchange the investments will consist of several cryptocurrencies. In the image below we can see which are those cryptocurrencies that are available to purchase on this trading desk:

^Source

It is clear there is a good and healthy variety in the available cryptos, so far the most popular projects with the biggest market capitalization are the ones on the list, which makes sense because investors looking to make large purchases will certainly tend to acquire the cryptocurrencies with the best reputation and brand recognition, but it wouldn’t be surprising to see the list getting bigger as this industry continues to grow and other innovative projects are created.

With the goal of facilitating as much as possible the trading activities for the investors using the OTC Trading Desk, Trade.io provides a complete suite of communication channels, so the client can place orders without having any sort of complication. Specifically, the clients can communicate through “phone, email, Skype, WhatsApp or Telegram” ^Source and comfortably make the necessary arrangements to sell or buy cryptocurrencies in large quantities, while also protecting the privacy of each party involved in the trade.

Trade.io OTC Trading Desk | Its main benefits

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Directly dealing with the trading desk ^Source

It might be the case that some investors don’t have much experience when doing this type of trade, and having a team of experts providing constant help can certainly save the users a lot of headaches and stress.

Institutional Liquidity ^Source

Due to the nature of these trades, it is necessary for there to be enough liquidity so transactions can be done without having any issues whatsoever, Trade.io leverages its relationships with liquidity providers and other similar institutions, to make sure large trades aren’t stopped due to a lack of liquidity.

^Source

Fast settlement ^Source

Having enough liquidity is the most important factor for matching these large trades, and given the fact Trade.io has several strategies to make sure there is always enough liquidity, a fast settlement is therefore, very likely. Besides, in the website, Trade.io indicates that “Most OTC trades settled same or next day” ^Source and that is something that will surely make a lot of investors very happy with the service.

Commission-free on non-limit orders ^Source

Limit orders are when the trade must happen with a specific price or another one that is better, non-limit orders are those that don’t have any limit regarding the price, and people who wish to place this type of orders won’t have to pay any commission, which is understandable, because with a non-limit order it is very possible the price won’t be as good as the investors would like, but this can be offset by avoiding commissions.

Conclusion

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In this article I shared every important detail of the OTC Trading Desk at Trade.io, and what are the features and benefits that investors will enjoy if they decide to start using this platform.

I recently did an animated video that you can check here where I mentioned all of the important aspects of this project, however, if you have any question or doubt, feel free to leave a comment below.