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 without impacting the pricing of the digital asset. This is geared towards institutional clients and high net-worth individuals needing to fill large orders. It offers deeper liquidity and customized pricing as it is a peer-to-peer transaction that occurs privately on HootDex. All transactions are discreet, secure and placed in Offline Cold Storage within the MVault until the owner of the digital asset chooses to transfer it from Offline Cold Store to their hot wallet. 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 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 traders 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 or allow a digital asset holders to agree to the requested pricing simply in one place.
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Round the clock access: Since HootDex is a decentralized diigtal 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 bring 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.