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Learn how OTC trading works

After discussing with the community, we’ve decided to launch OTC feature to make your trading experience more seamless and flexible than ever. The new feature, now available on, unlocks a whole new way to trade tokens, reducing the potential for slippage while giving you additional flexibility when working with the exchange.

Orders created via OTC are not shared on the regular exchange order book. Instead, OTC generates a unique “taker” URL that can be shared with your trading partner, allowing them to become the exclusive taker of your trade.

The feature allows you to swap any ERC-20-compliant token, including those that are not currently listed on, with fees as low as 0.02%.

We’ve kept the process simple:

Select the token you would like to deposit and its amount.

Specify which token you would like to receive and its amount.

The token then gets locked into the trade and a unique URL gets generated.

Share this URL with your trading partner.

Once your trading partner accepts the trade, the order gets settled and you receive the tokens you’ve specified when setting up the trade, while your partner receives the token you’ve locked in.

You can cancel the order and unlock your tokens any time before the order gets executed. OTC is a valuable tool for those looking to swap larger amounts of tokens in a single trade. Executing such a trade on a regular exchange could cause a big swing in the ticker price, potentially costing the user a significant amount of money, not to mention the possibility of a longer settlement time. OTC effectively solves this by keeping the order off the exchange order book.

Another use case, in which OTC generates a lot of value for both trading partners, is when there is no mutual trust established prior to the exchange (for example when trading with a stranger). When using a non-custodial smart contract of OTC, both parties are required to fulfil their obligations before the trade gets settled. This means that both parties have locked full collateral in before the trade gets settled and everyone receives their tokens.

Check out the feature today at [](].

Updated on: 14/07/2022

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