In brief:
- Binance.US has launched an OTC trading portal.
- Investors can now buy XRP and other digital assets in bulk.
- The minimum trade size is the equivalent of $10,000.
Binance.US has launched an OTC (Over-The-Counter) trading desk that allows traders residing in the United States to buy and sell digital assets worth $10,000 and above. Amongst the list of cryptocurrencies available for trading is XRP. The OTC portal supports a total of 12 digital assets that can be bought using the United States Dollar (USD), Tether (USDT) or Binance USD (BUSD). Users who wish to use the OTC platform have to at least be Level 1 KYC verified on the exchange. A full list of the available digital assets on the OTC portal can be found below.
- XRP
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Binance Coin (BNB)
- Ethereum (ETH)
- Litecoin (LTC)
- ChainLink (LINK)
- Tether (USDT)
- Binance USD (BUSD)
- Zilliqa (ZIL)
- Cardano (ADA)
- Tezos (XTZ)
Transactions via Request for Quotation (RFQ)
Additionally, transactions on the OTC portal will be via a live Request for Quotation that allows users to place, confirm and receive instant settlements directly to their Binance.US accounts.
XRP Community Member First to Notice the Availability of XRP on the OTC Platform
A member of the XRP investor and trading community, also known as XRP Army, was the first to highlight the fact that XRP trading is now available via the OTC platform on Binance.US. XRP community member @WKahneman was quick to add that the announcement of the launch of the OTC trading portal was overshadowed by the hype surrounding the Bitcoin halving.
