Phemex, the quickest crypto change and futures buying and selling platform has launched OTC Trading service in partnership with Legend Trading — a Silicon Valley-based, regulatory-compliant OTC buying and selling service. With this new addition, customers on Phemex can now safely purchase and promote cryptocurrencies via USD wire switch in addition to different choices, together with credit cards and supported payment gateways.
Listening to the Crypto Group’s Wants
As a user-friendly crypto buying and selling platform, Phemex is all the time receptive to the crypto neighborhood’s wants and calls for. The most recent train to develop its providing to incorporate OTC Buying and selling is a results of such dedication. The platform acquired a number of requests from the neighborhood to incorporate OTC Buying and selling, which inspired Phemex to forge a partnership with a licensed Cash Companies Enterprise (MSB) to supply a protected and handy resolution.
Now, customers can begin making use of the OTC Buying and selling function by finishing few easy steps. They only need to log into their Phemex account, choose OTC Buying and selling underneath the “Purchase Crypto” choice, and supply some private data to meet the KYC necessities. As soon as the supplied data is reviewed and confirmed, Legend Buying and selling will approve the account, following which, customers are free to purchase and promote cryptocurrencies in simply two steps.
Despite the fact that two totally different entities are concerned in offering OTC Buying and selling providers on Phemex, the entire course of is streamlined to supply a seamless buying and selling expertise. The step-by-step information to start out utilizing the OTC Buying and selling function is available on Phemex website.
OTC Buying and selling Places Phemex within the Lead
The OTC Buying and selling service provided by Phemex permits customers to conduct fast, high-volume crypto trades at good charges. The minimal order measurement on Phemex OTC Buying and selling is simply $500, making it accessible to each informal {and professional} merchants alike.
Phemex is a FinCEN regulated entity that, mixed with the newly launched OTC Buying and selling service, makes it one of many few platforms eligible to cater to US traders’ calls for. This chance places the platform approach forward of a lot of its rivals like Bybit and others. In the meantime, for Phemex, that is just the start because the buying and selling platform will proceed to develop and launch new merchandise to maintain up with the crypto neighborhood’s altering necessities.
Be taught extra about Phemex OTC Trading here
