Binance launch new premium OTC service
Binance continues to push the crypto exchange boundaries, offering services previously unseen in the market. The exchange is now offering a new OTC service known as “Block trading”, which allows users to buy and sell large amounts of cryptocurrencies without worrying about volatility during the order setting.
The personalised service will permit over 10BTC to be traded in once single trade in the quickest and most secure manner. Binance made the announcement today in an official blog post, where they highlighted:
“Trading over-the-counter (OTC) is a good alternative to trading directly on the exchange order books where you might affect the market price of the token and negatively impact your execution level”
Among other benefits of block trading, users will find the following:
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150 coins available to be traded in blocks.
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24/4 chat is available as a personalised service. The Binance team is able to help users from the onboarding step until the trade settlement.
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Pricing and settlement in a matter of minutes
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User-friendly platform.
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Risk reduction.
Even though Binance’s new service may be some of the best news traders are receiving this week, the company is setting some requirements before using the premium platform, such as a Level 2 verification, trade min 10BTC and being a “qualified client”.
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