In 2018 on the OTC platform for buying and selling bitcoin and other cryptocurrencies from the payment company Circle has signed deals totaling $24 billion this is stated in the blog Circle.
Our co-founders reflect on a transformative 2018 that included new products, customer growth, and learning plenty of important lessons about building an open, global financial system.@Poloniex @centre_io @circleinvest @ResearchCircle @jerallaire https://t.co/1sATjRn0xf
— Circle (@circlepay) January 3, 2019
According to the company, last year on its OTC platform Circle Trade concluded more than 10 000 deals with 36 different scriptactive, participated by more than 600 users.
Circle Trade runs around the clock, serving customers from USA, Europe and Asia, and as the company says it has become “a key supplier of liquidity for the whole cryptocurrency ecosystem”. Among her clients are a venture capital firm, cryptocurrency funds, hedge funds and managing family capital across the world.
Under the OTC trading OTC trading is understood to be carried out directly between clients and market makers — the seller and buyer bargain directly with each other without the participation of intermediaries in the face of exchanges. Long time OTC trading has been an important instrument in traditional financial market, but in 2018, has found wide application in the field of cryptocurrency.
At the end of last year, often said that institutional investors are beginning to give preference to off-exchange platforms. According to experts, large companies prefer the OTC instruments transactions, as can pre-negotiate the price and not worry about the sharp fluctuations that may cause their transaction. In addition, large buyers often go for over-the-counter sites, because cryptocurrency exchanges are not able to offer sufficient liquidity.
Source
