RE: Watch the OTC market

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Watch the OTC market

in blockchain •  7 years ago  (edited)

He's talking private sales. Like when I approach you at the water cooler and ask you if you want to buy/sell some bitcoin. OTC is not an 'exchange' like a formalized trading location/platform, they're more of a service.

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Pretty inaccurate. https://www.investopedia.com/terms/o/otc.asp ... Forex, CFDs etc are all OTC. Bitfinex has an OTC offering for larger clients. Forex is a trillion dollar a day industry, those trades aren't being made "at the water cooler" :)

By CFD do you mean contract for difference?

Preach it!! Stocks of course are traded OTC as well.

I see what you mean and stand corrected. :)