Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)

Contemporary Challenges of OTC Trading in Digital Assets

Authors
Valery N. Nezamaikin, Elena P. Zbirovskaya
Corresponding Author
Valery N. Nezamaikin
Available Online June 2019.
DOI
https://doi.org/10.2991/icoeme-19.2019.23How to use a DOI?
Keywords
new realities; over-the-counter trading; OTC trading; blockchain technologies; digital currency; virtual currency; tokens; institutional and private investors; hedge funds; family offices; exchanges
Abstract
As the world population at large begins to comprehend the depth and prospective impact of blockchain technology, the demand for purchasing cryptocurrency has been steadily increasing. OTC trading, also known as over-the-counter trading or off-exchange trading, is a digital asset trading service that is traded through a private, peer-to-peer, dealer network as opposed to a centralized, formal exchange such as the New York Stock Exchange (NYSE). Currently, the value of institutional daily cryptocurrency traders, which frequently make large-block transactions on a bi-lateral basis, is about two-to-three times the value of exchanges. As more institutional investors, large firms, and other major players enter the cryptocurrency market, the volume of large quantity cryptocurrency trades has been steadily increasing. According to a report by Reuters, OTC cryptocurrency desks frequently facilitate over $100 million USD in transactions daily.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Valery N. Nezamaikin
AU  - Elena P. Zbirovskaya
PY  - 2019/06
DA  - 2019/06
TI  - Contemporary Challenges of OTC Trading in Digital Assets
BT  - Proceedings of the 2nd International Conference on Economy, Management and Entrepreneurship (ICOEME 2019)
PB  - Atlantis Press
SP  - 107
EP  - 111
SN  - 2352-5428
UR  - https://doi.org/10.2991/icoeme-19.2019.23
DO  - https://doi.org/10.2991/icoeme-19.2019.23
ID  - Nezamaikin2019/06
ER  -