Crypto Exchange Tokenomica Now Offers OTC Crypto-to-Euro Trading

Tokenomica, a crypto asset exchange based in Malta, has announced over-the-counter, or OTC, cryptocurrency trading for large participants.

The Meditarranean-based exchange now offers participants the ability to trade large amounts of BTC for Euros, separate from the exchange's order books, Tokenomica announced on its blog on Feb. 18.

The exchange's announcement made clear that other cryptocurrencies would also be available for OTC trading but remained ambiguous as to other trading pairs with the Euro.

To prevent such drastic price fluctuations, some entities offer OTC trading, which essentially allows large buyers and sellers to agree on a price and transact away from order books.

Several U.S.-based outfits offer OTC crypto trading, including Coinbase and Gemini.

Similar to Tokenomica, Binance is another Malta-based crypto exchange that offers OTC trading.

Tokenomica offers large traders Euros for BTC. Large traders can swap BTC for real fiat Euros on Tokenomica in contrast to the stablecoins used in various capacities on a number of exchanges, Tokenomica pointed out in its announcement, adding that participants can also transfer fiat funds to and from their bank accounts.

Bitcoin OTC trades on Tokenomica must be between 5 and 50 BTC in size and incur a 0.75% trading fee.

Large crypto participants can also use Tokenomica's OTC trading for any digital assets available on the exchange, the announcement noted.

Just a few days ago, one of the largest digital asset OTC dealers, B2C2, joined forces with U.S.-based crypto business SFOX, showing that OTC markets are big business in the crypto space.