Report: institutional investors began to OTC business

 Report: institutional investors began to OTC business

The latest research report Diar released in December 17th found that institutional investors began to flow more over-the-counter (OTC).

Diar noted that the U.S. head of digital currency exchange provided by the Coinbase OTC fund investment growth. According to the report, Coinbase BTC outperformed Grayscale in terms of trading volume (cryptocurrencies Asset Management Co) bitcoin investment trusts in the OTC market (GBTC).

Although the investment and non OTC OTC scale gap, but because of the opening time of the OTC market transactions throughout the year accounted for only 31% of the time, it is still of great significance.

According to reports, in the three quarter of 2018, Grayscale in the bitcoin investment trust fund net inflows of $216 million, which makes the Grayscale bitcoin circulation supply remained above 1%. As previously reported, GBTC now holds more than 203000 BTC.

According to reports, in 2018, Coinbase in the OTC market period BTC trading volume increased 20%, while GBTC decreased by 35% compared with the same period in 2017.

The report further explained, “because the transaction has been sustained, large institutions and funds will need 24 hours all day long to enter the market, in order to avoid the market suddenly woke up, although this year, bitcoin prices have dropped to new lows.

As Cointelegraph previously reported, Coinbase at the end of November launched the OTC for institutional clients. According to reports, the move and institutional investors on the OTC transactions increased demand at the same time encryption.

According to reports, the chief executive of virtual currency trading platform HodlHodl Marx (Max Keidun) said recently in 2018 large number of orders is growing exponentially, the growth of one times”. HodlHodl also provides over-the-counter service. Keidun said: “the current price is much harder than ever to find sellers.”

As Cointelegraph previously reported, Coinbase at the end of November launched the OTC for institutional clients. According to reports, the move and institutional investors on the OTC transactions increased demand at the same time encryption.

Coinbase Sales Supervisor Christine Sandler said, Coinbase now for institutional investors to launch over-the-counter (OTC) business is the time. Most industry insiders believe that the admission of institutional investors will give crypto currency market to inject new vitality.

So no matter whether Goldman, American Intercontinental Exchange (ICE) support for Bakkt and other international well-known financial institutions, or hardware wallet manufacturer Ledger record prices in advance of infrastructure projects, prepare for the admission of institutional investors.

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