CoinDeal, a bitcoin and cryptocurrency exchange, which expanded its operation throughout the U.S. this past summer, has announced the launch of a new OTC service.
Over-the-counter (OTC) transactions are executed between a user and an external liquidity provider via CoinDeal. Transactions do not affect the market price, and users are able to make a single transaction from 0.001 BTC and up to 5 BTC.
Initially, OTC is available for the EUR/BTC market. Eventually, cryptocurrencies will be available for: BTC, ETH, LTC, XRP, BCH, EOS, and fiat: EUR, USD, GBP, CAD.
“OTC is nothing more than an over-the-counter market. It is an ideal solution for traders who want to execute large orders with the certainty that the transaction will not cause a sudden increase or decrease in the price of coins, and thus will not expose other traders to losses.”
– The CoinDeal Team
- Price – Users receive a flat rate no matter how big the purchase (up to 5 BTC)
- 0% fee – CoinDeal does not charge any additional fees for this service and the transaction spread is no more than 0.7%
- Immediate Availability – Funds will be added to a user’s CoinDeal wallet within minutes.