3 of the best-known crypto trading firms are banding together on a new venture to bring crypto to the next level
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Quick Take
- 3 OTC desks — Cumberland, Genesis Trading, and Circle Trade, are providing data for a new bitcoin index
- The index, MVIS Bitcoin US OTC Spot Index, will serve as a base for VanEck’s ETF and could be used by institutional investors to get a better sense of what the market looks like
- VanEck’s bitcoin specialist Gabor Gurbacs says OTC data is more reliable than exchange data
A band of cryptocurrency trading desks is opening up their books to help institutions better understand the price of bitcoin — and they’re hoping the move will take the floundering market to the next level. Three major cryptocurrency over-the-counter traders — Genesis Trading, Cumberland, and Circle Trade — announced they would provide data for a […]
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