The bear market has affected every aspect of the cryptocurrency industry. How has it affected OTC trading?
Over the course of the past year, the crypto bear market has totally reshaped the cryptocurrency industry. What was briefly a landscape of virtually unmitigated opportunity and cash flow has quickly begun to mature into a regulated, survival-of-the-fittest environment where companies and investors either sink or swim.
And indeed, hardly any corner of the market has been unaffected by this bearish reformation. Last week, cryptocurrency news outlet The Block reported that the cryptocurrency bear market had reached its sharp claws into the OTC (over-the-counter) trading world.
OTC trading is trading that is conducted off of traditional exchanges–often, an OTC platform is a broker that facilitates direct interactions between buyers and sellers. In the cryptocurrency world, these OTC trades can be conducted by sending assets to a digital wallet, or in some cases, exchanging a physical hard disk where cryptocurrencies may be stored for cash.