WhiteBIT OTC Crypto Exchange: A Separate Route for Large Trades

WhiteBIT's Over-the-Counter (OTC) crypto exchange provides a separate format for large trades that can't be accommodated by a standard order book. The OTC mechanism allows parties to agree on transaction parameters directly, bypassing the public order book.

This approach is primarily used due to the scale of transactions, which can affect multiple price levels in the order book at once. As a result, the final execution price may differ significantly from the quote seen before placing the order.

In traditional spot market trading, large trades require the liquidity of multiple counter orders. In contrast, OTC trading allows for customized transaction parameters, real-time quotes, and settlement methods to be negotiated separately.