LISTEN: itBit's Director of Trading Bobby Cho Discusses Bitcoin OTC Market

itBits-Director-of-Trading-Bobby-Cho-Discusses-Bitcoin-OTC-Market

itBit's Director of Trading, Bobby Cho, appeared on the Bitcoin Technical Analysis show to discuss the current state of the Bitcoin OTC markets and itBit's Global OTC Agency Trading Desk


Below are a few of the key points and statistics Bobby shared about the current OTC market and itBit's Global OTC Agency Trading Desk:

  • Average daily trading volume on itBit's OTC desk is 1,000-1,500 XBT and has grown 140% week-over-week since launching in June. 
  • itBit OTC volume alone is greater than the volume on over 80% of digital currency exchanges worldwide. 
  • Bobby speculated that daily bitcoin OTC volume is roughly 50%-75% of total exchange volume. This is a strong indication that total bitcoin trading volume is underreported. 

 

The full 17-minute podcast is provided below. Bobby's five-minute segment starts at the 9:15 mark:

 

 

The weekly podcast is presented by World Crypto Network and focuses on key technical and macro trends impacting the bitcoin market. The Bitcoin Technical Analysis Show is hosted by Theo Goodman

 


Try itBit’s Global OTC Agency Trading Desk and Receive $50

Looking to trade over 100 XBT? Receive $50 in bitcoin when you complete your first OTC trade with itBit! 

No broker or trading fees, same-day settlement and personalized trading support. Contact OTC@itbit.com to get started.


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