OTCTrade.com — Game-Changing Crypto OTC Trading Platform Goes Live
Every single day, between $250,000 and $30 billion worth of Bitcoin is traded over-the-counter (OTC), according to Bloomberg data released in 2018. This suggests that traditional crypto exchanges represent only the tip of the iceberg when it comes to Bitcoin trading volume, as most institutional investors are inclined to buy cryptocurrency in a more direct way, including through channels like Skype, WhatsApp, Telegram, and other communication networks.
While the share of crypto OTC trading is increasing at a rapid pace, there are still risk factors that haven’t been addressed for years. It is very likely that most of the users doing business on these communication channels don’t go through comprehensive vetting. As of today, very few OTC platforms provide investors with reliable data on who they are trading with.
Without a unified end-to-end solution, OTC interactions leave users exposed to many potential risks, including scams, lack of clear rules, unprofessional behavior, money laundering, terrorist financing and other financial crimes. In a way, Bitcoin’s OTC space is often strikingly similar to the Wild West during the early days of the cryptocurrency. To this day, traders still cannot benefit from a single comprehensive platform for these peer-to-peer (P2P) transactions. Because of this, uncertainty and a lack of transparency continue to be an issue for those who seek to trade outside of traditional exchanges.
OTCTrade.com comes to the rescue by providing a one-stop solution aimed at institutional and individual traders who want to buy or sell Bitcoin and other cryptocurrencies without friction and unnecessary middlemen.
Our team has joined forces to fix the common problems that have been omnipresent in the OTC space. OTCTrade.com has developed proprietary patent-pending software platform that delivers transparency.
What’s Ahead
- Who we are
- What are some of the issues that OTC traders face?
- What makes OTCTrade.com different?
- What can investors expect from us?
- How do we protect users?
Who We Are
OTCTrade.com was founded in 2019 by Alan McGrath, a former US Marine. He designed it to be the go-to solution for all forms of P2P interactions between high-net-worth (HNW) investors, institutions, family offices, and dealers. His founding belief was that P2P trading should be “live, seamless and transparent,” without the intrusive intervention of exchanges.
The desire to create conditions for intuitive, intelligent trading led to pursue this passion and create the most advanced yet user-friendly P2P platform to date.
Alan’s goal was to increase the security of user data while ensuring the safety of investor funds. This doesn’t imply only a reliable infrastructure built with transparency in mind, but also an ecosystem that can handle large transactions without price slippage while providing user data that doesn’t infringe on privacy.
The rest of the team consists of Chris Hunichen, co-founder and COO, Shradha Chadha, CFO, and Al Leong, CMO.
What Are Some of the Issues that OTC Traders Face?
P2P interaction often results in users trading without data on more than just who they’re interacting with. No matter the communication channel, whether Skype, Telegram, or WhatsApp, traders often find themselves in high-risk scenarios that might end up in the loss of currency and at times even sensitive identity information.
Also, would-be investors face a lack of discovery. Finding new leads and potential buyers is not only difficult but also puts traders in jeopardy. This deficit of data prevents users from finding new, legitimate resources — limiting them to a small pool of potential traders.
What Makes OTCTrade.com Different?
We care about our users, and we have made it our mission to make a positive change in the industry. Our software features benefit both investors and trading desks. Unlike other OTC transaction options, OTCTrade.com was designed to solve traditional problems with ingenuity and ease.
Besides offering a fast and intuitive platform, we make sure to verify every trading desk and individual broker-dealer, providing security to each transaction.
What Can Investors Expect From Us?
Users who choose to deal with OTCTrade.com will get access to intuitive, in-depth discovery that provides reliable data for users to feel safe without compromise.
Our secure communication channels go beyond just real-time interaction — they eliminate the need for exchanges by providing relevant built-in features.
Traders can now focus on their cryptocurrency deals and rest assured their interactions are safe and transparent. In addition, our customizable audience search capabilities provide investors with the intelligence they need to find transactions that suit their desires.
Our platform offers real-time trading capabilities, which prevents price slippage while enabling traders to conduct large transactions in a prompt manner with guaranteed locked-in prices.
Besides this, our clients will get access to a private dashboard and 24/7 chat support with a dedicated team that is ready to suggest changes to their portfolio at any time.
Unlike traditional exchanges or brokers, OTCTrade.com is significantly less expensive.
If you want to know more about our pricing, feel free to check our demo. Our team will be happy to provide you with further details.
How Do We Protect Users?
When using traditional OTC services, trust is always an issue. From fraudulent activity to settlement risks, traders are haunted by fears that something may go wrong at any moment. This is why transparency is imperative.
OTCTrade.com provides know-your-customer (KYC) verification to reduce counterparty risk and ensure user confidence.
With our off-platform escrow feature, your funds are always protected until the moment of the trade.
For the most part, over-the-counter trading space is full of flaws. Fortunately, now you have OTCTrade.com — a fast and seamless platform. By using our infrastructure, you can be sure that transactions take place within an environment you can count on.
Best of all, each account comes with USD 5 million in insurance.
If you’re looking for the place and community for the best OTC deals, you can book a demo to experience our white-label solution.
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