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Phemex Launches OTC Buying and selling, Allows Crypto Buy with Financial institution Transfers


Phemex, the quickest crypto trade and futures buying and selling platform has launched OTC Buying and selling service in partnership with Legend Buying and selling — a Silicon Valley-based, regulatory-compliant OTC buying and selling service. With this new addition, customers on Phemex can now safely purchase and promote cryptocurrencies by way of USD wire switch in addition to different choices, together with bank cards and supported cost gateways.

Listening to the Crypto Group’s Wants

As a user-friendly crypto buying and selling platform, Phemex is at all times receptive to the crypto neighborhood’s wants and calls for. The most recent train to increase its providing to incorporate OTC Buying and selling is a results of such dedication. The platform obtained a number of requests from the neighborhood to incorporate OTC Buying and selling, which inspired Phemex to forge a partnership with a licensed Cash Providers Enterprise (MSB) to supply a protected and handy answer.


Now, customers can begin making use of the OTC Buying and selling characteristic by finishing few easy steps. They simply need to log into their Phemex account, choose OTC Buying and selling beneath the “Purchase Crypto” choice, and supply some private info to satisfy the KYC necessities. As soon as the supplied info is reviewed and confirmed, Legend Buying and selling will approve the account, following which, customers are free to purchase and promote cryptocurrencies in simply two steps.

Regardless that two completely different entities are concerned in offering OTC Buying and selling companies on Phemex, the entire course of is streamlined to supply a seamless buying and selling expertise. The step-by-step information to start out utilizing the OTC Buying and selling characteristic is out there on Phemex web site.

OTC Buying and selling Places Phemex within the Lead

The OTC Buying and selling service provided by Phemex allows customers to conduct fast, high-volume crypto trades at good charges. The minimal order measurement on Phemex OTC Buying and selling is simply $500, making it accessible to each informal {and professional} merchants alike.

Phemex is a FinCEN regulated entity that, mixed with the newly launched OTC Buying and selling service, makes it one of many few platforms eligible to cater to US buyers’ calls for. This chance places the platform method forward of lots of its rivals like Bybit and others. In the meantime, for Phemex, that is just the start because the buying and selling platform will proceed to develop and launch new merchandise to maintain up with the crypto neighborhood’s altering necessities.

Study extra about Phemex OTC Buying and selling right here