Published On: Mon, Jun 19th, 2017

China Bitcoin Meetup Sees OTC Trading & Exchanges Work Side By Side

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Chengdu, Sichuan province, China was a hive of Bitcoin-related activity as the city played host to three major events related to the cryptocurrency. Amid the excitement, OTC trading platform and Bitcoin services provider Bitkan hosted a meetup to discuss the OTC trading market both in China and globally.
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Held on Friday, June 16, 2017, the meetup proved to be popular among Bitcoin enthusiasts, with over 130 people in attendance, including many prominent OTC traders, mining factory owners, exchanges, Chinese Bitcoin companies, and Bitcoin application developers. Representatives from Bitcoin mining hardware manufacturer Bitmain were also among the attendees.
Online Spot Exchanges and OTC
One of the main topics discussed at the meetup was the relationship between OTC trading platforms like Bitkan and the more traditional online spot exchanges. OTC trading experts Long Wang and Peter Ng both offered their opinions on the subject.

According to Wang, OTC platforms provide an abundant depth of trade that not all spot exchanges can support. He further explains:
It [OTC trading] is suitable and stable for large volume trading, especially for these places don’t have large volume exchanges.
Adopting  a more symbiotic approach, Peter Ng spoke about how OTC …

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