What Are the Main Differences between Crypto Block Trading and Using a Public Exchange?

The main difference is privacy and price impact. Block trades are private, negotiated deals, which prevents large orders from causing price volatility on the open market.

Public exchanges show all buy and sell orders in a public order book, meaning a large trade is visible and can cause significant price slippage. Block trades offer a fixed price for the entire order, while an exchange order for the same size would execute at multiple price points.

Exchanges are for any size trade, while block trading is exclusively for large transactions.