OTC
Institutional Investors Appear To Be Driving Bitcoin's Rally
An increase of bitcoin held on over-the-counter desks indicates large investors are purchasing the cryptocurrency. New Glassnode data shows the tally has increased by 70% to 5,293 BTC since January 11. Private wealth managers, high-net-worth individuals or hedge funds wishing to convert large amounts of cash into crypto assets seamlessly typically use OTC desks. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.
Crypto Options Market Since FTX's Implosion
Market makers' share of crypto options trading volume settled through OTC platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence. And it appears the situation could persist for some time. "All About Bitcoin" host Christine Lee presents the Chart of the Day.
FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services
Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection. And Genesis Block will cease over-the-counter (OTC) trading services in wake of contagion risks from the now-bankrupt FTX exchange, according to a Reuters report. Genesis Block Trading is unrelated to Genesis Global Capital, which is owned by Digital Currency Group (DCG). DCG is also the parent company of CoinDesk.
Cryptocurrency Market Maker Wintermute Lost $160M in Hack
Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have not been affected. “The Hash” panel breaks down the details.
Ang Crypto Trading Firm Wintermute ay Naglulunsad ng Zero-Fee OTC Platform
Makikipagkumpitensya ang Wintermute Node laban sa iba pang platform ng pangangalakal ng institusyon sa isang bid na palawakin ang base ng kliyente ng kompanya.
Nakuha ng Crypto Exchange Blockchain.com ang OTC Desk ng Altonomy
Kinumpirma ng Blockchain.com ang deal sa CoinDesk. Ito ay makabuluhang nagpapalawak ng Crypto OTC network ng exchange, lalo na sa espasyo ng altcoin.
Bitcoin Price Rally Fueled by Whales' $1.6B Buy, Blockchain Data Shows
Ngunit kung bakit bumili ang mga balyena sa isang exchange sa halip na isang over-the-counter desk ay nananatiling hindi maliwanag.
Huobi Lumilitaw na Sinuspinde ang Mainland China para sa Bagong Pagpaparehistro ng User
Ang hakbang ay dumating matapos ipahayag ng China ang mas mahihigpit na hakbang sa Crypto trading.
Dahil sa Mas Tighter Derivatives na Mga Panuntunan ng Huobi, Nag-aagawan ang mga Chinese Trader para sa mga Alternatibo
Maaaring makakuha ng mga customer ang Binance dahil sa mga bagong paghihigpit ni Huobi.
Hindi Bago ang Crypto Crackdown ng Beijing ngunit T I-dismiss Ito
Ang paulit-ulit na pagbabawal sa Crypto ng China ay nagpatalas ng pagtuon sa sektor ng pananalapi.
