Representatives of the OTC cryptocurrency dealer Cumberland reported that last week the volume of demand for their OTC platform for the first time exceeded the volume of supply.
Desk Update: Historically, our OTC trading is relatively balanced between buyers and sellers. Over the last week, our OTC buy / sell ratio (by notional value) has increased by 60% to counterparties buying.
& mdash; Cumberland (@CumberlandSays) 8 січень 2019 р.
According to the company, earlier on their platform, the demand was approximately equal to the supply. Only last week, the balance leaned in favor of buyers. The share of the latter on the market is now about 60%.
Cumberland is a cryptocurrency-based division of the trading company DRW Holdings LLC in Chicago.
Recall, Genesis Trading, Circle Trade and Cumberland provide data of their OTC platforms for the MVIS Bitcoin US OTC Spot Index from VanEck.
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