Phemex , the fastest crypto exchange and futures trading platform introduced OTC Trading Service in partnership with Legend Trading - a regulatory compliant OTC trading service based in Silicon Valley. With this new addition, Phemex users can now securely buy and sell cryptocurrencies via USD bank transfer as well as other options, including supported credit cards and payment gateways.
To l Listening to the needs of the crypto community
As a user-friendly crypto trading platform, Phemex is always responsive to the needs and demands of the crypto community. including OTC trading is the result of such a commitment. The platform has receivedseveral community requests to include OTC Trading, which prompted Phemex to forge a partnership with a licensed Money Services Business (MSB) to provide a safe and convenient solution.
Now users can start using OTC Trading feature by performing a few simple steps. All they need to do is log into their Phemex account, select OTC Trading under the "Buy Crypto" option and provide personal information to meet KYC requirements. Once the information provided is reviewed and confirmed, Legend Trading will approve the account, after which users are free to buy and sell cryptocurrencies in just two steps.
Even though two different entities are involved in providing OTC trading services on Phemex, the whole process is streamlined to provide a seamless trading experience. The step by step guide to start using the OTC trading feature is available on the Phemex website .
OTC trading puts Phemex in the lead
The OTC Trading service offered by Phemex allows users to tradeFast, high volume crypto shares at good rates. The minimum order size on Phemex OTC Trading is only $ 500, making it accessible to both casual and professional traders.
Phemex is a FinCEN regulated entity which, combined with the new OTC Trading service, makes it one of the few eligible platforms to meet the demands of US investors. This opportunity places the platform well ahead of many of its competitors like Bybit and others. In the meantime, for Phemex this is just the beginning as the trading platform will continue to develop and launch new products to keep up with the changing needs of the crypto community.
Learn more about Phemex OTC Trading here