The latest price of OTC digital currency
ways to purchase digital currency:
at present, digital currency is more like an investment proct. Due to the lack of a strong guarantee institution to maintain its price stability, its role as a measure of value has not yet appeared, nor can it be used as a means of payment. As an investment proct, the development of digital currency is inseparable from trading platforms, operating companies and investors
trading platforms play the role of trading agents, while some play the role of market makers. The profits of these trading platforms come from the current expenses and premium income of investors trading or holding digital currency
1. Investors need to register accounts first, and obtain digital currency accounts and US dollar or other foreign exchange accounts at the same time
2. Users can use the money in their cash account to buy and sell digital currency, just like buying and selling stocks and futures
3. The trading platform will sort the buying and selling requests according to the rules and start matching. If the requirements are met, the transaction will be completed
4. Due to the difference between the trading volume submitted by users, the trading request can be partially executed
take RBM operated by professional operation company opencoin as an example: ripple protocol was originally designed based on payment method, and its design idea was based on acquaintance relationship network and trust chain. Using ripple network for remittance or loan, the premise is that the payee and the payer must be friends or have common friends. Otherwise, the trust chain between users and other users cannot be established, and the transmission cannot be carried out
extended information:
the characteristics of digital currency are as follows:
1, low transaction cost
compared with traditional bank transfer, remittance and other methods, digital currency transaction does not need to pay fees to the third party, and its transaction cost is lower, especially compared with the cross-border payment of high handling charges to payment service providers
2, fast transaction speed
the blockchain technology used in digital currency has the characteristics of decentralization, and it does not need any centralized organization similar to the clearing center to process data, so the transaction processing speed is faster
3, high anonymity
in addition to the physical form of currency can achieve peer-to-peer transactions without intermediary participation, one of the advantages of digital currency compared with other electronic payment methods is that it supports remote peer-to-peer payment, and it does not need any trusted third party as intermediary
both sides of the transaction can complete the transaction in a completely strange situation without mutual trust, so they have higher anonymity and can protect the privacy of the traders, but at the same time, they also create convenience for cyber crime, which is easy to be used by money laundering and other criminal activities
generally speaking, there are not many kinds of cryptocurrencies that can be traded directly in legal currency. Most exchanges support the OTC trading of usdt, BTC and eth. For Xiao users, it is undoubtedly the best choice to exchange legal currency for usdt
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There is no centralized trading place. Buyers and sellers are scattered all over the country. The business is mainly carried out through telephone and computer systems. The trading objects are mainly unlisted securities, and some listed securities are traded over the counter. There are more bond transactions, including all government bonds and some large corporate bonds, as well as some stocks, especially those of the financial instry and insurance companies
there are many forms of this transaction mode, and different content procts can be designed according to the different needs of each user. At the same time, in order to meet the specific requirements of customers, financial institutions selling derivatives need to have superb financial technology and risk management capabilities. Over the counter trading constantly proces financial innovation
however, since the clearing of each transaction is carried out by both sides of the transaction, the transaction participants are limited to customers with high credit. Swap transaction and forward transaction are representative derivatives of over-the-counter transaction
extended materials
in foreign countries, the participants in the OTC market are mainly securities dealers and investors. Securities firms participating in OTC trading include:
1. Member securities firms, that is, members of the stock exchange set up institutions to operate OTC trading business
Non member securities firms, or over-the-counter securities firms, are not members of the stock exchange, but have been approved to set up securities business institutions to deal in unlisted securities and bonds (3) securities underwriters are financial institutions that specialize in underwriting newly issued securities. In some countries, newly issued securities are mainly sold in the OTC market (4) securities dealers who are specialized in buying and selling government bonds, local government bonds and bonds of local public organizations, etc