Cryptocurrency News
Crypto OTC trading to get traction due to FTX fiasco, exec says
Before the rise of centralized exchanges (CEXs), over-the-counter (OTC) trading was the go-to method to buy or sell cryptocurrency for many crypto investors. The FTX collapse could trigger a bigger demand for crypto OTC services as investors are looking for alternative methods to convert from and to fiat due to weaker trust in CEXs.
Cointelegraph spoke with BestChange, a UAE-based OTC crypto exchanger aggregator with Russian roots, to learn more about the current state of OTC markets.