By
Mayowa Adebajo
April 14th, 2023
World’s leading digital asset management platform RightBTC set to launch its new OTC trading service with no withdrawal limits and zero trading fees.
The cryptocurrency trading platform, RightBTC, will be launching its OTC platform on September 19, 2018. The service allows brokers to directly trade with the end consumer without having to concern themselves about liquidity.
RightBTC is a digital asset management platform, which, through the use of multiple risk control systems, strictly screens high-value investments at home and abroad. Company’s team is continually striving to introduce excellent investments helping investors make more rational allocations of their digital assets.
The fact that the platform will now allow for direct trades means that investors can exert more autonomy than they used to have on the average platform. The OTC trading service has been created with high-profile investors in mind, meaning that it can accommodate for large transactions. For instance, there will no withdrawal limits and zero trading fees. These are two issues which traders who handle large quantities of cryptocurrency regularly worry about.
Resistant to Slippage
Perhaps the most impressive feature of the new RightBTC OTC trading platform is that it entirely avoids issues regarding slippage. On most exchanges, slippage occurs when large block trades are executed which then get separated and split off between different traders. When this happens, the initial trader often ends up with a different price than they anticipated due to the volatility of the market and the time it takes find matches for the whole trade; this is especially true with cryptocurrency as its prices fluctuate regularly.
The OTC platform will not be plagued with this issue as RightBTC can lock prices between clients and traders. This means that the prices will not change during the period of buying of selling. RightBTC are able to offer this feature because the OTC platform provides personalized services to high-volume traders.
Exchanging Crypto to Fiat
The OTC platform is able to facilitate crypto-to-fiat trades, allowing users to convert their coins and tokens into legal tender. This is a simple feature which works well for both large and small quantities of money. It is notoriously hard to exchange high volumes of cryptocurrency to fiat cash on a standard exchange, so this element of the OTC platform is highly sought after. High-stakes investors, large corporations, and ICOs are expected to regularly use this feature.
Fiat money can be distributed via PayPal and E-Pay for USD transfers, and Alipay, WeChat Pay, and Union Pay are available for CNT/RMB transfers. RightBTC is able to offer this due to its advanced KYC procedure, which has two levels of security that users need to take part in.
