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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

Order Book
An electronic list of all buy and sell orders in an exchange
Ring Signature
A type of digital signature performed in a group where it becomes impossible to determine which member's key in the group were used for the digital signature.
State Channel
Secondary payment channel occuring off-chain
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
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