Crypto Exchange BTSE Launches New Tool To Make OTC Trading Easier
BTSE, a British Virgin Islands-based crypto exchange, has announced a new tool that offers traders a unique multi-currency settlement option.
BTSE is a financial technology company that utilizes bitcoin and cryptocurrency technologies to develop solutions that empower users to take control of their financial freedom. As part of a suite of financial services designed to introduce innovative digital assets to the traditional finance landscape, BTSE’s developments include spot and derivatives trading, OTC, and lending services.
The new tool, called BTSE OTC RFQ (Request for Quote), reportedly makes trading easier with traders able to obtain a quote on a fixed price before purchase while being able to access multiple currencies instantly.
“Users can leverage BTSE’s multi-currency support of crypto and fiat to easily buy and sell cryptocurrencies via OTC,” BTSE said.
With the new tool, BTSE said that its users will now be able to buy and sell order requests and receive quotes directly through their dashboard, making OTC orders more accessible and easier to navigate than ever before. A highlight of this new feature is the low minimum order value of $1 and high limit of $100,000. BTSE also allows businesses to leverage its APIs as a liquidity provider for ease of use and higher speed.
“BTSE’s OTC RFQ is a useful tool for investors, traders, business partners and commercial players who want to leverage BTSE’s services as a liquidity provider,” said Jonathan Leong, CEO of BTSE. “It’s currently difficult to confirm prices before actioning trade activity, but with an instant RFQ, users can determine the price before they make a purchase.”