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    Sonal Shridhar Shinde in Crypto News

    27-Dec-2022 12:32 PM


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    Crypto OTC trading to get traction due to FTX fiasco, exec says

    Before the rise of centralized exchanges (CEXs), over-the-counter (OTC) trading was the go-to method to buy or sell cryptocurrency for many crypto investors.
    BestChange users often resort to the services of OTC exchangers — portals that act as fiat onramps to crypto — in order to replenish the balance on a crypto exchange or sell their crypto, Zuborev told Cointelegraph.
    We expect that 2023 could be the year of decentralization and accelerated development of decentralized apps.”
    The executive stressed that the relocation has nothing to do with the ongoing geopolitical problems or other issues in Russia, as BestChange has been planning to expand beyond the country for a while.
    Additionally, BestChange doesn’t expect any pressure from the global community in terms of sanctions, according to Zuborev. “
    “Most centralized exchanges are under pressure from European and North American regulators, and our segment is mostly represented by small local services that obey the laws of the country of location so they can serve Russians, Ukrainians, Europeans, Africans, residents of Asia, Oceania independently of each other,” he stated.
    Source: Cointelegraph