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Over The Counter (OTC)
By CoinGecko | Updated on Mar 03, 2020
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties. Some reasons why people opt for OTC is some coins are too small to be listed on exchanges or the cryptocurrencies are banned in certain jurisdiction.
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Related Terms
Satoshi
A unit measure for the smallest divisible unit of a bitcoin. 1 bitcoin is equal to 100 Million Satoshi.
Merkle Tree
A Merkle tree is also known as a hash tree in cryptography. It is a tree where every lead node is labelled with cryptographic hash of a data block, and every non-leaf node is labelled with the hash of the labels of its child nodes. It is used to verify of data stored within it and transferable in and between computers.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
Over The Counter (OTC)
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
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