The procedure is not the usual one that other cryptocurrency holders do, but through over-the-counter (OTC) trading. Through these mechanisms they access not only cryptocurrencies, dollars, shares and other financial instruments.
Several well-known companies use these mechanisms, such as MicroStrategy, Tesla, BlackRock, Square, among other. In the first case, which has already stopped buying, the company has 129,699 bitcoins, the equivalent of $2.57 billion at today’s price.
Typically, the operations OTCwhich are common for derivative markets such as swaps or futuresinvolve investment banks and clients who are usually large companies.
In cryptocurrency platforms there are benefits that facilitate operations and non-privileged access to companies or positioned people, and also includes people who are not “whales”, but who have relative weight in the business.
How do whales buy bitcoins?
One of the options to which they resort to platforms such as Buddhawhich recently opened the possibility of dealing with OTC or over-the-counter operations.
In order to have the tool, the minimum purchase volume is $50,000 and access to more competitive prices than in the rest of Latin America.
Among the benefits of operating with these applications, the commission. OTC desks allow you to negotiate a price with the counterparty without the usual commissions, which means that the negotiated price is the final price, without surcharges or additional payments.
Another benefit is that the price agreed on the asset is maintainedso there is no “opportunity loss”.
The third benefit is that the payment method that works best for the needs of those involved.
The fourth is thator affects the price of a particular marketwhich allows you to make large purchases at the same price.
OTC tables are available for any person or institution, although the operations have a minimum amount. They are also available in extended hours to those of the market.
Source: Ambito
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