Re: [ANN][STO] LXDX - Own Shares and Dividend Rights in Crypto Derivatives Exchange
by
ribenapurpz
on 13/11/2018, 16:00:13 UTC
The Big Crypto Investors Arent Trading With You Theyre Going OTC
Over-the-counter (OTC) trading has long been a staple of traditional financial institutions to minimize the market impact of displaying institutional-sized orders on public exchanges. Some analysts estimate the cryptocurrency OTC market to be two to three times the size of regular trading volume. Whether trading securities, commodities, derivatives, or any other financial instrument, the OTC marketsliterally selling assets over the phone or instant messengerare an important option for institutional investors. With the introduction of the newest emerging asset class, cryptocurrencies, were seeing an even faster growing OTC market like never before. According to Reuters, Genesis Global trading, a New York-based dealer-broker that specializes in OTC crypto-asset transactions, currently handles an average of $75 million to $80 million worth of trades daily. That volume is 10 times the monthly volume Genesis saw just a year ago. But why is the OTC market growing so rapidly and intensely? And why are more people looking for OTC trading opportunities?