For large investors, Coinbase is the gateway to the crypto market. The customer base of the Bitcoin exchange not only includes MicroStrategy. Tesla is also said to have made use of the exchange\u2019s OTC desk. The Coinbase IPO is taking shape.Large Bitcoin orders from institutional investors want to find a supplier. The largest US crypto exchange Coinbase has positioned itself as such. In addition to MicroStrategy, which stands for the establishment of the Bitcoin standard like no other company, Tesla is also said to have made use of the exchange\u2019s OTC desk. The crypto medium The Block claims to have found out from internal circles.Due to the massive allocation of Bitcoin by institutional investors, over-the-counter trading (OTC) is playing an increasingly important role in the crypto market. OTC transactions are over-the-counter direct sales that are coordinated between major suppliers and buyers. Mining farms in particular, but also hedge funds and payment service providers, use OTC platforms to bring their stocks to buyers.The trading partners agree on fixed terms beforehand \u2014 a crucial criterion for investors in the highly volatile crypto market. Since OTC transactions are not processed via stock exchanges and are therefore not registered in the order books, they also have no direct influence on the price development. The assumption that asset managers like Grayscale or companies like MicroStrategy influence the course through large acquisitions \u2014 at least in a direct way \u2014 is therefore wrong. OTC business does have an indirect effect on the performance of cryptocurrencies, ultimately contributing to the supply shortage. In addition, corresponding press releases from investors \u00e0 la MicroStrategy have a great signal effect on small investors.The shadow of OTC transactions therefore extends far. Payment service provider Circle has estimated the trading volume processed via direct over-the-counter trading to be two to three times\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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