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Swyftx is a cryptocurrency exchange that offers Bitcoin and cryptocurrency OTC trading services to high-net worth clientele and institutions in New Zealand. Bitcoin, Ethereum, XRP and over 270 other digital assets are available to trade through our OTC desk.
Placing an OTC trade is recommended when placing a large volume order that could potentially disrupt market prices. Price disruption or 'slippage' could result in purchasing an asset at an undesirable price.
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Our network of global liquidity partners allows us to negotiate and execute substantial OTC trades with minimal spreads.
Our team of industry experts are table to settle and executer OTC trades instantly. All assets can be immediately accessed following settlement.
Our OTC desk is made up of experienced crypto traders who provides an end-to-end service to all OTC clientele. This includes trade negotiation and execution and ongoing support.
Swyftx charges lower trading fees on OTC desk trades than our closest competitors in New Zealand. Book a consult for more information.
Our online trading platform is built for both mobile and desktop applications. It features a simple and stylish design with effortless navigation.
Swyftx implements a number of protective measures and security features to ensure our clients funds are safe.
OTC or over the counter trading is a service available to large volume investors, whether they be high net worth individuals or institutions. This is a process whereby trades are negotiated and settled via a broker rather than an on a public exchange. This is because large orders can cause slippage, which refers to when the price of an asset does not match the price it was requested.
Due the large volume of these trades, OTC crypto desks are often able to negotiate tighter spreads. This means that large volume traders can save money and maximise their profits.
Using a registered public cryptocurrency exchange is the most common avenue to invest in digital asset classes like Bitcoin and Ethereum. Making a substantial trade, however, can result in unfavourable price disruption due to insufficient liquidity.
OTC trading is designed for institutions and high net worth traders who are looking to place large scale trades. Instead of filling a large volume order at once, OTC crypto brokers can negotiate a set price with a liquidity provider. Alternatively, another way of bypassing price slippage through an OTC trade is by splitting up large orders into several smaller orders.
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