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How OTC trading is impacting the bitcoin price » Brave New Coin

14 Sep How OTC trading is impacting the bitcoin price » Brave New Coin

Posted at 05:08h in Bitcoin News by

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Investors trade over $11 billion worth of crypto assets on exchanges on a daily basis. What that figure does not include, however, are over-the-counter trades that are said to dwarf on-exchange trading volumes as large investors prefer to conduct their bitcoin trades away from the prying eyes of exchange order books.

What is the OTC bitcoin market?

The over-the-counter bitcoin market is where investors with deep pockets, such as early adopters, crypto funds, and high-net-worth individuals, buy and sell bitcoin using OTC brokers directly between each other as opposed to on exchanges. Large trades will move the prices in this fairly illiquid market. Hence, large investors prefer to trade away from exchanges.

Investors that fall into this category hold millions in bitcoin (and other cryptocurrencies) and will be members of the so-called “bitcoin rich list,” the list of the BTC wallets with the largest holdings, and hold anything between one to one hundred million dollars worth of…

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