In 2022, “DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, told CoinDesk TV.
Russian banks may be cut off from the SWIFT international payments network but, despite wide-ranging international sanctions, money keeps flowing between Russia and the West. Brokers are ready to turn Russian rubles into foreign currency abroad, in cash.
An increase of bitcoin held on over the counter desks indicates large investors are purchasing the cryptocurrency New Glassnode data shows the tally has increased by 70 to 5 293 BTC since January 11 Private wealth managers high net worth individuals or hedge funds wishing to convert large amounts of cash into crypto assets seamlessly [...]
Market makers' share of crypto options trading volume settled through OTC platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence. And it appears the situation could persist for some time. "All About Bitcoin" host Christine Lee presents the Chart of the Day.
Ontario Teachers Pension Plan one of Canada's largest pension funds with nearly 250 billion in assets under management AUM will write down the entirety of its 95 million investment in FTX after the troubled crypto exchange filed for bankruptcy protection And Genesis Block will cease over the counter OTC trading services in wake of contagion [...]
Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have not been affected. “The Hash” panel breaks down the details.