OTC on Etherfinex - Decentralized version of Bitfinex

in #ethereum5 years ago

Ethfinex Trustless OTC - a blockchain enforced Over-the-Counter service.

By using the blockchain to enforce large trades between parties in an atomic transaction, Ethfinex Trustless OTC offers an exciting alternative to the traditional OTC model:

It removes the need for placing trust in an escrow.

It removes the need for placing trust in a counterparty.

It opens up OTC with significantly lower fees at 0.02%.

Additionally, as there is no centralized order book or matching engine, there are no restrictions on what is traded on Ethfinex Trustless OTC (provided the products are not financial instruments). Customers can trade any ERC20 token, and even specify custom Ethereum addresses for tokens which are not currently listed on any exchanges.

With no sign-up process or KYC, get started by connecting your wallet at trustless.ethfinex.com/otc today. U.S. persons and persons from other restricted jurisdictions are not permitted to participate in Ethfinex Trustless OTC.

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