RATE Group | The last sales leave the market ready for a year-end rally
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The last sales leave the market ready for a year-end rally

28 Nov The last sales leave the market ready for a year-end rally

Posted at 14:47h in Bitcoin News by

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  • Coinbase launches its OTC trading platform and opens the door to institutional investors.
  • The Crypto board adopts an unexpected positive tone that can lengthen in time.
  • The BTC and the ETH seem better positioned than the XRP to capitalize on the rises.

 

The day begins in green in today’s European session.

Today, Coinbase announced the launch of its OTC (Over The Counter) trading platform for Cryptocurrencies.

The OTC markets are traditionally used by institutional investors to trade without the problems of trading large orders. These institutions move huge volumes, and OTC transactions allow and certify large transactions between participants outside of Level 2 books.

An essential step in the process of institutionalization of investments in the Blockchain industry. Please take note; the professionals are opening considerable doors to the new market, they are not running away.

The technical news of the day is the bullish crossing of the indicators on the 12-hour chart in the…

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