How Bitcoin Brokers Trade Millions Without an Exchange
Exchanges are the most popular way to dispose of bitcoin holdings for fiat currency, with thousands of coins being traded daily. However, when one cryptocurrency startup founder needed to cash in his bitcoin quickly, he didn't log on to an exchange to do it. Instead, the entrepreneur started asking around for a broker who could settle the issue with an over-the-counter (OTC) trade. The broker he found, through mutual friends, was Jonathan 'Jonny' Harrison, who runs London bitcoin ATM firm Satoshipoint. The two struck up a conversation on Skype and soon agreed to do a deal. "Someone told me....
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U.S.-based financial advisers with Interactive Brokers are now able to recommend cryptocurrency investments to their clients. Brokerage firm Interactive Brokers Group is allowing investment advisers registered with the company to trade four cryptocurrencies.In a Monday announcement, Interactive Brokers said its Registered Investment Advisers would be able to trade and custody Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) for clients using Paxos Trust Company. The firm reported this service was currently available only for its advisers in the United States but it....
The government of Finland is discussing supporting Ukraine with part of the money from the liquidation of millions of dollars worth of cryptocurrency seized in crime investigations. Finnish authorities want to sell the bitcoins soon and say they couldn’t come up with a better idea for the proceeds.
Finland Selects Brokers to Sell $75 Million of Confiscated Crypto
Authorities in Helsinki have recently chosen two brokers to organize the sale of over €71 million ($75 million) worth of bitcoin (BTC) in the coming weeks. The country owns the coins that have been sized....
Interactive Brokers will add cryptocurrency trading to its platform by the end of the summer, CEO Thomas Peterffy has revealed. The platform has about 1.33 million customer accounts and $330.6 billion in customer equity as of the first quarter. Interactive Brokers to Offer Cryptocurrency Trading The chairman and CEO of Interactive Brokers (Nasdaq: IBKR), Thomas Peterffy, said at the Piper Sandler Global Exchange & Fintech Conference Wednesday that his company will start offering direct cryptocurrency trading. Peterffy was quoted by the media as saying: Customers certainly are asking for....
Now that Bitcoin is growing in popularity, it is quietly and slowly changing the way how exchange broker companies choose to operate. Trading bitcoin seems like an interesting Idea and there hasn’t actually ever been a platform offering that kind of service. A few years ago, there were no trading Brokers dealing with bitcoins, and you wouldn’t be able to find any other than traditional Brokers who basically offered CFDs trading services. Now that Bitcoin is growing in popularity, it is quietly and slowly changing the way how exchange broker companies choose to operate. Simplefx is the....
Simplefx is among the leading Forex brokers in the Bitcoin industry. SimpleFX is a robust online trading provider, offering a trading platform with Forex CFDs on Bitcoins, Litecoins, indices, precious metals and energy. The company mission is to keep its offer and trading conditions simple and transparent. The Forex market is the largest and most liquid market in the world. It runs 24 hours during the 7 days of the week, all over the world. In fact, the forex market works much like the Bitcoin markets, however, contrary to the cryptocurrencies markets that are not regulated and where there....