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.
Related Terms
Decentralized Finance (DeFi)
Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free.
All-Time-High (ATH)
The highest point (in price, in market capitalization) that a cryptocurrency has been in history.
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Smart contracts
Self executing contracts on the blockchain without needing human executors or notary.
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