Crypto OTC trading platforms often act as an entry point to crypto for most users, according to a Russian OTC aggregator.
as investors are looking for alternative methods to convert from and to fiat due to weaker trust in CEXs.
“The role of OTC is sometimes underestimated amid the all-encompassing marketing of centralized exchanges,” BestChange chief analyst Nikita Zuborev said. According to the exec, OTCs often act as an entry point to crypto for most users. “If for the Central European countries and the countries of North America there are quite convenient ways of direct replenishment from a bank card, then for the countries of Eastern Europe and Central Asia there are no such options, and exchangers remain the only convenient way to work with cryptocurrency,” Zuborev stated.
“Thanks to the fiasco of the FTX executives, our segment could see a significant influx of users even outside of our traditional market. We expect that 2023 could be the year of decentralization and accelerated development of decentralized apps.”
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