Problem Statement
Despite the rise of centralized exchanges (CEXs) and decentralized exchanges (DEXs), OTC trading remains a critical avenue for high-volume and private asset transactions. However, current OTC systems face several challenges:
Lack of Trust: Most OTC trades happen via peer-to-peer arrangements on platforms like Telegram or WhatsApp. These methods are vulnerable to fraud, scams, and payment disputes.
Lack of Automation: Human negotiation and manual processes lead to inefficiencies, slippage, and delays.
Limited Discovery: Finding suitable counterparties is slow and relies heavily on manual vetting or reputation.
No Transparency or History: Existing OTC desks lack reputation systems, trade history, or verification mechanisms.
Market Fragmentation: Liquidity is scattered across multiple informal groups and broker networks.
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