Exciting mobility in the bench top market

Exciting mobility in the bench top market

Cumberland, a company that deals with over-the-counter (OTC) crypto money trading, has published a stunning data on Bitcoin.

Bitcoin is not only traded on spot markets such as Binance and Bitfinex. The largest crypto currency is also traded in OTC markets.

A survey conducted last year revealed that OTC markets could have at least double the volume of spot markets. Very affluent individuals prefer to trade from OTC markets instead of spot markets for lack of liquidity. In fact, there were various arguments about how the prices in the spot market changed direction with the leakage of any process carried out here.

These are one of the largest OTC companies, as well as the previous day of Cumberland, pointed out an important data.

According to data shared on the company’s official Twitter account, the buyers and sellers side in Cumerland’s OTC transactions have so far been relatively stable;

It was stated above that there are theses that the movements in OTC markets affect the Bitcoin prices in the spot market . The crypto money, which picked up from $ 3,700 at some point in the last week, climbed over $ 4,000 on Sunday, and has been holding above this level for a few days. Cumberland’s data confirms these theses.

On the other hand, this data may signal that institutional investors have increased risk appetite in Bitcoin or that the base-building process has been completed.

Coinbase launched OTC transactions for Prime customers

Coinbase launched OTC transactions for Prime customers

Coinbase , one of the leading crypto-money companies , launched OTC transactions for Prime customers.

OTC (over-the-counter) or over-the-counter transactions can be described as transactions between the two parties, usually on the stock exchange, such as the investment bank and customers.

Christine Sandler, Coinbase’s sales manager, said, ısı We started our OTC activity as part of our stock market activity because we noticed that many organizations see OTC as a gateway to crypto-money trading. 

Which factors affecting Bitcoin and crypto money prices?

Which factors affecting Bitcoin and crypto money prices?

Bitcoin and crypto money prices will be in the direction, the factors that affect it is not easy to determine what. In this article we talked about OTC trade which is an overlooked factor.

Bitcoin and crypto money prices are affected by what factors?

Bitcoin and crypto money prices can be affected by many different factors. Although hackers, legal regulations or new technologies are shown by the experts in this field as the main factors affecting prices, it is known that there are many other unknown elements.

The most neglected of them and perhaps the most impact on the price of Over-the-Counter ie OTC operations. Over-the-Counter transactions are peer-to-peer outside the stock market, ie from the user to the user or a broker, ie the means to buy transactions made through the tool.

Since OTC transactions are made out of stock exchanges, the volume of transactions made here is neglected and is not included in the calculation.

TABB Group issued a report on the OTC trade in August. According to this report, the daily trading volume of Bitcoin on regular crypto money exchanges is about $ 11 billion, which is estimated at $ 12 billion for OTC trading.

OTC effect on bitcoin and crypto money prices will continue

OTC transactions are generally preferred by high-income individuals, such as Bitcoin whales, private fund managers, hedge funds and some other institutional investors. Broker use has some advantages in itself. Especially due to the lack of liquidity in the crypto money exchanges, the ipp slippage  problem, which means that high volume transactions take a lot of time, can be solved by the use of brokers.

Another advantage is that transaction costs on OTC platforms are very low. If you want to make a lot of transactions on a stock exchange, the transaction fee may be too high. However, on a OTC platform, a broker can perform the entire transaction at a reasonable price. In addition, OTC transactions can be an alternative solution for countries that prohibit the crypto money exchanges.

Speaking on this issue, TABB Group employee Monica Summerville stated that all of the data obtained was obtained from the persons who were traded in this field. Only the net changes in the position of the operator are recorded in the blockchain system.

Although the research carried out by the TABB Group does not fully account for the factors affecting Bitcoin prices, the OTC market, which the world has just started to understand, draws attention to the impact of the OTC market in this area. Experts, the OTC market operations for Bitcoin and crypto money prices will continue to make significant impact in the coming years.