We are proud to announce the launch of the OTC Trading Desk with an opportunity to legally trade BTC-to-Euro.
Our new product offers an opportunity to trade larger amounts directly with Tokenomica without having to go through public order books in full compliance with crypto regulation in Malta. The accepted transaction volume: 5 — 50 BTC.
Outside of providing a legal opportunity to trade BTC-to-Euro away from public order books, we were able to provide one of the lowest fees for OTC trading on the market — 0,75%.
Once again, we would like to focus on the fact that you trade crypto to the actual Euro, not some self-created stablecoin. Deposits and withdrawals are completed using SEPA and SWIFT payment systems and go directly from and to your bank account.
So is it only BTC-Euro that can be traded on Tokenomica’s OTC Trading Desk?
No, legal opportunity to trade crypto-to-fiat and vice versa is, of course, the key advantage of our OTC trading desk. But all other crypto assets available on Tokenomica are also available for OTC trading.
Additionally, we will be able to provide a deal confirmation for each trade which can serve for tax, compliance, or other regulatory requirements.
So what happens if the asset price suddenly changes either way after the confirmation of the deal?
Trades executed on negotiated prices without risking order book slippage, even during times of volatility.
How it Works
The whole process of completing the trade consists of 5 steps only. To showcase the trading process, we have taken BTC-Euro pair.
Step 1. Apply for the Trade
During the first step, the client will be asked to identify the desired trading pair and amount to be traded with us. After that, Tokenomica’s representative will contact a client back in order to confirm the possibility of the deal.
Step 2. Sign a contract
After the completion of the first step, a client will be asked to sign a contract with Tokenomica indicating key details of the trade. The whole process might take up to 1 business day.
Step 3. Chain analysis of your wallet
After the contract is signed, the Tokenomica team will perform the chain analysis of your wallet. The process will take about 15 minutes.
Step 4. Negotiate the trade using Telegram chat
As the fourth step, Tokenomica’s representative will create a Telegram chat with you in order to negotiate the last details of the deal. As soon as the final terms are negotiated, Tokenomica will start the completion of the trade.
Step 5. Settlement.
The last step depends on the chosen asset pair. As we have stated before, we will showcase the process for the BTC - Euro pair as an example. The settlement consists of two steps:
Transaction of BTC to Tokenomica’s wallet address.
The settlement time is based on the transaction speed in the Bitcoin blockchain.
Transaction of the Euro to the client’s bank account.
The settlement time will depend on the chosen payment system.
T+1 for payments using the SEPA system, T+2 for payments using the SWIFT system.
And that’s it. Feel free to contact us to find out more details about OTC trading with Tokenomica and don’t forget to visit the designated page on our website to find more information about our OTC trading facility.