The HootDex OTC Desk is a fully digital and decentralized OTC trading desk for institutions who need to fill large orders with negotiated pricing.
HootDex developed the over-the-counter (OTC) swapping desk as a service that allows traders to execute swap orders privately on a peer-to-peer basis at a set price off market. This is geared towards institutional clients and high net-worth individuals needing to fill large orders discretely and securely. It offers deeper digital asset liquidity and customized negotiated pricing between two parties as it is a peer-to-peer transaction that occurs privately on the HootDex OTC Desk.
Institutions have the option to use offline Cold Storage within the MVault to allow for large amounts of digital assets to be transferred seamlessly without impacting markets. This all occurs on a self-custody basis with no intermediaries involved, it is a very simple process.
Key points include:
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Deeper liquidity and customized pricing: This is a key advantage for institutional traders who need to execute large orders without impacting the market.
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Discretion and flexibility: The peer-to-peer nature of the OTC swapping desk allows institutional traders & investors to maintain their privacy and confidentiality.
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Self-custody basis: This eliminates the need for intermediaries, streamlining the process and reducing costs for HootDex members. Since this is automated, requests for quotes for block swaps match with what may be available as well as allow a digital asset holder to agree to the requested pricing simply, all in one place.
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Round the clock access: Since HootDex is a decentralized digital asset swapping platform, the OTC Swapping Desk is open 24/7/365 without the need for an intermediary. All transactions are done on a peer-to-peer basis.
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Tailored solutions for institutional investors and high net-worth individuals: This is a growing segment of the digital asset market, and HootDex is responding to the needs of institutions and high net-worth individuals.
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Ongoing commitment to innovation in the digital asset space: HootDex is committed to bringing forward features, functions and tools that will have a positive impact on the digital assets industry as a whole while promoting self-custody and decentralization for mainstream use.