Dcoin and PLAY Join Forces to Improve OTC Services for Global Users

On April 25th, it was announced that Dcoin and PLAY have reached an exclusive strategic partnership. PLAY is the largest acceptance institution in South Korea, and this collaboration aims to improve the quality of OTC services for global users. Currently, Dcoin has over 300000 active users in South Korea.

Dcoin has reached strategic cooperation with Korean acceptance institution PLAY

Introduction

On April 25th, 2021, Dcoin and PLAY announced a strategic partnership that aims to improve the quality of Over The Counter (OTC) services for global users. This partnership is expected to enhance the usability and convenience of cryptocurrency trading for individuals and businesses alike. PLAY is the largest acceptance institution in South Korea, while Dcoin is a global trading platform with over 300,000 active users in the country.

What Is OTC Trading?

Before delving into the details of the strategic partnership between Dcoin and PLAY, it is important to understand what OTC trading is. OTC trading is a method of trading cryptocurrencies that takes place off-exchange. It involves buyers and sellers trading directly with each other, rather than using an exchange. OTC trades are often used for large volumes of trades or for assets that are not widely traded on exchanges.

The Benefits of OTC Trading

OTC trading comes with several benefits for individuals and businesses. One of the main advantages of OTC trading is that it provides a more private and secure way to trade cryptocurrencies. OTC trades do not require individuals to create an account with an exchange, making them less vulnerable to hacks and thefts. Additionally, OTC trades can be conducted 24/7, as there is no need to wait for exchanges to open or close. OTC trading also allows individuals and businesses to negotiate prices and terms directly with each other, providing more flexibility and control over the trading process.

Dcoin and PLAY’s Partnership

The strategic partnership between Dcoin and PLAY is expected to enhance the quality of OTC services for global users. PLAY is a leading acceptance institution in South Korea that provides payment and settlement services for businesses. As a result of this partnership, Dcoin users will now be able to use PLAY’s payment and settlement services to conduct OTC trades. This will provide an additional layer of security and convenience for Dcoin users, making it easier to trade cryptocurrencies.

The Impact of the Partnership

The partnership between Dcoin and PLAY is expected to have a significant impact on the cryptocurrency industry. OTC trading is becoming increasingly popular among individuals and businesses, and this partnership is expected to make it easier and safer for these entities to trade cryptocurrencies. The quality of OTC services is also expected to improve as a result of the partnership, providing a better trading experience for all parties involved.

FAQs

Q: What is Dcoin?

A: Dcoin is a global trading platform that provides a secure and convenient way to trade cryptocurrencies.

Q: What is PLAY?

A: PLAY is the largest acceptance institution in South Korea that provides payment and settlement services for businesses.

Q: What is OTC trading?

A: OTC trading is a method of trading cryptocurrencies that takes place off-exchange, where buyers and sellers trade directly with each other.

Conclusion

The strategic partnership between Dcoin and PLAY marks a significant step for the cryptocurrency industry. It is expected to enhance the quality of OTC services for global users, providing a more convenient and secure way to trade cryptocurrencies. The impact of this partnership is expected to be felt across the industry, as more individuals and businesses turn to OTC trading as a viable alternative to traditional exchanges.