//Over-the-counter cryptocurrency market moves over $100 million daily via messaging apps

Over-the-counter cryptocurrency market moves over $100 million daily via messaging apps



“Generally, you would go trade through an OTC desk when you have a large block trade you want to do without moving the market too much or incurring too much slippage,” said Kevin Zhou, founder of cryptocurrency-focused hedge fund Galois Capital. The traders work at firms including Chicago-based …

Source: Over-the-counter cryptocurrency market moves over 0 million daily via messaging apps