This is huge news!
A group of about twenty over-the-counter (OTC) traders and clients including big investors, miners, payment processors and hedge funds, has reached a monthly trading volume worth billions of dollars. Instead of using an online exchange like Coinbase or Kraken, the participants close major deals chatting on Skype and settle them by sending fiat via bank wires and cryptocurrency directly to each others’ wallets.
“Generally, you would go trade through an OTC desk when you have a large block trade you want to do without moving the market too much or incurring too much slippage,” -Kevin Zhou, founder of cryptocurrency-focused hedge fund Galois Capital.
Please read the full article here:
https://news.bitcoin.com/otc-cryptocurrency-desks-trade-billions-over-skype/
Even a half broken , unregistered exchanger (coincheck) can attract billions of yuan . The company trying to buy coincheck also soared in value . The level of interest is at all time high and speculative price will soon have to match.
Brother, you know a lot about this movement. What is your background?
I know what i read . Not more brother . I see people going after wrong information (actually manipulated news) , then its our combined duty to inform to people what is going on . You are doing a good job bringing good information , hence i like to comment almost every of your articles. I m a physician btw. What is you ?
I'm just a good human being trying to be a filter of useful news to the STEEMIT community. I have not work in way over a year now so all I do is read and listen to lots of the news about the world economy and about the birth of this digital economy that brought a lot of us together.
You are right about the false and manipulative news.
I'm honored to have you monitoring my blog and I'm GRATEFUL to have a person like you providing great insights to my posts.
THANK YOU!
Warm welcome. Looking forward
informative post..thank u @melip
@upvote & @resteem done
Realmente yo no había indagado mucho sobre este tema y me he interesado por lo que leo en esta plataforma, gracias por compartir este tipo de información asi como tambien las bromas que no nos caen mal. Me gusto mucho los 4 primeros comentarios de esta publicacion (incluidas tus respuestas). Saludos y éxitos
Otra vez, muchas gracias ;)
nice post about cryptocurrency...@melip
@upvoted & @resteemed
great news..
thanks for sharing with us..@melip
@upvoted & @resteemed
the amazing your post,i like,good job my brother,i support you,@melip upvote @love-peace.
Hi, great post, have followed you. What do you think of the current state of the Bitcoin market?
It is not the current state of the market that excites me but its future, and the future is brighter than our eyes can handle. 🤩
really thats a great news. all I want is moon back. waiting for it fingers crossed.
Everyone is waiting for the second week of May. We will all see a change in the Market Capitalization once and for all.
yes exactly bro eagerly waiting for may14 :P me 2 @melip hope we will move to 500 billion dollar cap again :P
really its good news at all dear.
@upvote & @resteem done
Hello friend, I think it's excellent. News, I imagine that this will increase the reliability and stability of cryptocurrencies. I think the information you give us is excellent. Thank you very much friend. You have to keep an eye on everything to see what happens. Greetings friend I will be pending of the next news.
informative post..thank u @melip
@resteem done
Que dice @melip, para lo que no entendemos mucho el ingles
Que un grupo pequeño, poseedores de mucho capital en criptomonedas han estado haciendo grandes intercambios de criptomonedas usando la red SKYPE en forma gratuita (prácticamente traducido a operaciones bajo la mesa). La suma de las transacciones en Skype se traducen ya a los BILLONES de dolares, los cuales no estan siendo tomados en cuenta en la capitalizacion del mercado actual.
Segun ellos lo hacen para no irrumpir el valor de una moneda en el mercado.
De ahi la idea de el título: Ah, ahí es en donde está el dinero. ;)
Gracias
well i use skype with my family around the world its really the future, good post
it is a informative post
great
@upvoted &resteemed
Thanks bro for infrom me for this app great work