What is the difference between otc and classic market?

                         OTC

                         Classic market

OTC Trade stands for Over The Counter, through which unlisted crypto assets can be traded on an exchange platform. This means that if a crypto exchange platform supports OTC trade, then it will be able to deal with unlisted cryptocurrencies on its platform. This type of trading process is usually favored by many large scale traders and hedge funds. OTC trade is usually handled by brokers that have a high trust factor and are experienced in handling high volume crypto trades. They tend to avoid slippage issues that are usually rampant in standard crypto exchanges by directly accessing liquidity providers that hold large amounts of crypto assets with them.

 It is a peer-to-peer market where the user can set up a trade with a preferred price, amount, and payment method to directly deal with the counterparty, exchanging the fiat asset and confirming the transaction online.  

P2P makes it possible for a crypto trader to buy and sell crypto assets at a time and rate that he or she wants. P2P trading gives you more control over who buys your cryptocurrencies and who you buy from, the pricing and settlement time.