Ask leo ; is OTC the best option for Crypto currency exchange and trading?

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OTC is an acronym for the phrase over-the-counter. This acronym is popular in use in the medicine world to qualify drugs that can be used without the prescription from a doctor or health personnel. Thesame acronym is used in the business world especially when it comes to digital currency exchange and trading. OTC is the term used to express the type of trading and exchange of currency, bond and derivatives that is done between two agreed parties without the involvement of a third party. The third party is usually a registered exchange or broker. Such as binance, coinbase, webull ,tradestation etc. The two parties can decide to exchange crypto currencies for example bit coin for ethereum and the likes. Both parties agree on the exchange rate that is convenient for both the seller and the buyer. If trading is done through a broker, the two parties have to exchange based on the exchange rate provided or stipulated by the third party .
One of the importance of OTC is that it can be an avenue for the seller or buyer to make a lot of profit since the exchange rate is determined and agreed upon by both parties without influence from a third party.

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