The CEO of Circle recently spoke with Business Insider on the growth of its OTC trading desk saying, "Minimum ticket size has moved up to $500,000 with an average of $1 million. Some transactions are over $100 million, and that water mark will continue to rise." Smart (big) money is definitely entering the world of crypto trading at an accelerating rate, even if some retail investors may have lost interest.
Meanwhile Litecoin recently saw a $99 MILLION transaction take place on their network, with the super huge fee of $.40, all settling in less than 3 minutes. I think this really goes to show the value behind cryptocurrency from a transactional perspective, as a transaction of that monetary value would take a few days minimum, and likely over a week in the traditional markets.
Circle Trading on increasing OTC demand: http://www.businessinsider.com/circle-trade-ups-bitcoin-trade-minimum-2018-4
Follow Frank Chaparro: https://twitter.com/fintechfrank/
$99 Million Litecoin transaction: http://www.businessinsider.com/a-99-million-litecoin-trade-took-just-25-minutes-and-cost-040-2018-4
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Podcast links if you'd like to listen instead of watch:
iTunes: https://itunes.apple.com/us/podcast/crypto-bobby-talking-investing-in-cryptocurrencies/id1269307001?mt=2
Spotify: https://open.spotify.com/show/7n1EJmK1cP3IDTVqxC03UP?si=-M2v-uvuRoy0Tzd5a6KqlQ
Stitcher: https://www.stitcher.com/podcast/crypto-bobby-talking-investing-in-cryptocurrencies
Google Play: https://play.google.com/music/m/Ihti7233jyn4rcg3xqygeedbye4?t=Crypto_Bobby_-_Talking_Investing_in_Cryptocurrencies
*Some of these links may be affiliate links, meaning if you click and purchase something, I may receive a small commission at no additional cost to you. I only recommend companies and products I personally use, and any commissions help to pay for content creation. Thanks! *
** This is not financial advice and these are simply my own opinions, as such, this should not be treated as explicit financial, trading or otherwise investment advice. This is not explicit advice to buy these cryptos, do you own research.**
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