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Bitcoin => Press => Topic started by: Vladdirescu87 on March 15, 2019, 08:10:37 PM



Title: [2019-03-15]OTC Market to be Disrupted by Solution for Crypto Investors
Post by: Vladdirescu87 on March 15, 2019, 08:10:37 PM
For quite some time now, the off-the-exchange cryptocurrency market has been associated with major players and "whales," who closed deals worth hundreds of thousands or even millions of dollars.
On the opposite side of the spectrum were OTC platforms designed for ordinary people, where users could buy or sell nominal amounts of cryptocurrency, $10 or so. But in this market there wasn't and still isn't to this day a happy medium, and its emergence, ICOBox experts believe, can drastically improve the entire digital currency trade and propel the industry to entirely new heights.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/solution-crypto-investors/

https://coinidol.com/upload/resize_cache/iblock/5e8/900_900_1/5e8bace8390351fa7e2ae440c1e9000b.png


Title: Re: [2019-03-15]OTC Market to be Disrupted by Solution for Crypto Investors
Post by: btyco on March 18, 2019, 04:57:56 PM
This already exists as localbitcoins but it was changed because they added strict kyc rules. Now it isn't worth the hassle to trade in small amounts, unless it can be bought easily in shops


Title: Re: [2019-03-15]OTC Market to be Disrupted by Solution for Crypto Investors
Post by: magneto on March 19, 2019, 07:40:53 PM
I'm not sure how realistic it is for an OTC service to be able to disrupt the small scale investor market.

It's much more likely that people will still find the experience of a centralised p2p platform, or even traditional exchanges, an easier alternative than having to trade over the counter. Unless of course, something drastic changes about the nature of the structure of OTC trading, which I don't think will happen in the near future.

It'll continue to dominate in the institutional space, though. Large scale investors need to accumulate BTC off exchanges so that prices won't need to be moved, and thus, OTC makes the most sense. Individual investors are unlikely to have as much of a concern for this.