RATE Group | Big Institutional Investors are Buying Large Amounts of Bitcoin in OTC Market
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Big Institutional Investors are Buying Large Amounts of Bitcoin in OTC Market

03 Oct Big Institutional Investors are Buying Large Amounts of Bitcoin in OTC Market

Posted at 06:38h in Bitcoin News by

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Bobby Cho, the global head of trading at Cumberland, a Chicago-based cryptocurrency trading company, has stated that a growing number of high net-worth individuals and institutional investors are accumulating Bitcoin (BTC) through the over-the-counter (OTC) market.

While some cryptocurrency market data providers estimate the daily trading volume of Bitcoin to be around $4 billion, according to ShapeShift’s Coincap.io, which filters out inflated volumes and cryptocurrency exchanges suspected of utilizing bot trading, the real volume of Bitcoin hovers at around $2.7 billion.

For large-scale investment firms, institutions, and retail traders, the global cryptocurrency market has insufficient liquidity to process multi-million dollar buy and sell orders. Major digital asset trading platforms could liquidate large orders but it may have a large impact on the short-term price movement of cryptocurrencies.

OTC Market and Effect on Bitcoin Exchange Market

Several custodian solutions…

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