Binance, one of the largest crypto exchanges in the market is now offering a new trading service for those that want to make large purchases in the crypto market. As per the official blog post released a few hours ago, this service is for users that trade over 10 BTC.
Binance New OTC Services
In a recent blog post, Binance announced that they are offering a personalized way for users to trade large block sizes of over 10 BTC in a fast and secure way. Over-the-counter (OTC) trading is a good alternative for those that need to deal with large sums of crypto and don’t want to do it through traditional trading platforms because they can affect market prices and end up damaging the investor.
Users that want to find out more about it can send an email at [email protected]. They are also providing automated quoting services for qualifying clients.
As the exchange explained in this blog post, they are offering personalized service. Every user and every block trade is unique, which means that it is possible to discuss trades through chat. Binance team will be providing the best services from onboarding to pricing trade settlement.
The company has over 150 coins listed on its platform. Binance Trading will be supporting block trades in most coins that are listed on this exchange and also pairs that are not listed. Through their OTC trading service, they will also be providing a fast pricing process that would help traders get different options in minutes.
Other services and features include fast settlement, simple process and reduced counterparty risk.
About it, the company explained:
“With Binance Trading, you only ever need to send coins to your binance account. Your coins stay in your account until we are ready to settle, at which point we will swap coins in/out of your account.”
At the same time, it is possible for larger traders to join their Telegram channel to find a list of authorized traders that will be helping clients with their needs. Those eligible to be able to trade with this new service require a Binance account with Level 2 verification or above, a trade of at least 10 BTC and access to chat applications such as Telegram or WhatsApp for fast and reliable communication with authorized traders from Binance.
Try Out Binance Today
For over two years, UseTheBitcoin has done the research, covered the news, and helped readers find the best blockchain projects. The one thing we keep coming back to is Binance.
Binance has set itself apart as the best trading platform for beginners and experienced traders, and gives you hundreds of coins to invest in. Start trading today on Binance!
