New report shows Ripple Inc. sold over $13million USD over Q4 2019, representing the lowest “dump” in three years. Despite the company’s model change to sell exclusively on over-the-counter (OTC) markets and institutional investors, the price of XRP dropped over 20% during the same quarter. With Ripple’s declining volumes on “dumps”, what next for XRP?
Octagon Strategy Limited (“OSL”), a Hong-Kong based digital asset brokerage firm, applies for a digital asset exchange license from the Securities & Futures Commission (SFC). The financial watchdog introduced changes to start issuing trade licenses to crypto exchange platforms. Wayne Trench, CEO of OSL told the media, “We congratulate the SFC on announcing its digital asset
Announced on Jan 23, 2019, OKEx, one of the largest cryptocurrency exchange with present total market cap $494,011,680 is rolling out OTC trading specifically for UK and Thai users. OKEx launches OTC Trading Today’s hottest bulletins of OKEx adding two new currencies on its Over-the-counter (OTC) trading platform are exciting the million people across UK
If you ask 10 people, 9 people would say that Institutional money is expected to trigger the next bull run in crypto markets. It was assumed that the Bitcoin ETF would open floodgates for institutional money, but umpteen number of rejections and delays seems to have forced institutional investors to take various routes into cryptos.