Goldman Sachs funded the Kryptos Startup Circle, which recently released a list of . The company shows that in 2018, it executed over-the-counter (OTC) crypto-trading of $ 24 billion in nominal volume.
The numbers published by Circle point to the recent trend in the OTC space. In 2018, there was a real boom in BTC [BTC] $BTC OTC trading. Other key players, such as Coinbase, also show an increase in trading volume during the first OTC hours.
The $ 24 billion fictitious trade may even suggest that Circle has made more OTC trades than Coinbase and Greyscale (GBTC) combined.
Circle Trade executed:
- More than 10,000 OTC trades, with nearly
- 600 distinct counterparties, across
- 36 different crypto assets, and generated nearly
- $24 billion in notional volume
Circle also ventured into the Stablecoin Arena with the introduction of USD Coin (USDC). The result of this development was the consortium CENTER, a joint venture with San Francisco-based stock market giant Coinbase.
According to the announcement, USDC is now the second largest Fiat-backed Stablecoin after Tether with a market capitalization of more than $ 280 million. In 2019, the company will focus on building capacity for the crypto industry, regardless of market conditions.
image by Shutterstock
TheBitcoinNews.com – leading BTC [BTC] $BTC News source since 2012
Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. The information does not constitute investment advice or an offer to invest.
TheBitcoinNews.com is is not responsible for the content of external sites and feeds. Sponsored Guest posts, articles or PRs are not always flagged as this!
Do you want see your PR or Guest post here? Advertise with us :
Published at Sat, 05 Jan 2019 14:28:35 +0000
