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Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom


Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market players. ICOBox experts believe that the current excitement about OTC trading can be compared to the hype surrounding ICOs in late 2017 – first six months of 2018 and that it may easily trigger the new wave of investors’ interest in the crypto market.

To arrive at this conclusion, ICOBox researchers analyzed the current market situation. According to data collected by Digital Asset Research, the global daily bitcoin OTC trading value is about $250 million. Analysts from Tabb Group, however, put it at much more ambitious mark: around $12 billion[1]. This is 2-3 times more than the total trade volume of regular crypto exchanges.

“Even though these numbers are only estimates, they look quite plausible,” says Nick Evdokimov, prominent blockchain visionary, an expert in launching new IT startups, and founder of ICOBox. “The high demand for this service can also be seen from how actively this…



Read Full Story : Live Bitcoin News

2019-03-15 11:33:15

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