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OTC Deals

OTCbid - Fidelity clears regulatory hurdle to become Canada’s first institutional Bitcoin custodian

 

 

 

 

" The service would only be available to institutional investors for now, but Fidelity is also launching Bitcoin ETFs to cater to retail interest.

As reported by The Globe and Mail, Fidelity Clearing Canada received approval from the Investment Industry Regulatory Organization of Canada on Wednesday to launch a Bitcoin (BTC) trading and custody platform. It is designed for use by institutional investors — such as pension funds, portfolio managers and mutual funds — and would be a first-of-a-kind service in the country.

The firm also plans to cater to retail investors with its regulatory filing for a Bitcoin exchange-traded funded and mutual fund, which was submitted earlier this week. As of September, Fidelity has over $4.2 trillion in assets under management around the world. In addition, exchange-traded cryptocurrency products are rapidly gaining traction, with more than 40 such instruments awaiting approval in the United States alone.

In an interview with The Globe and Mail, Scott Mackenzie, president of Fidelity Clearing Canada, said the following:

 
“The demand for investing in digital assets is growing considerably and institutional investors have been looking for a regulated dealer platform to access this asset class.”" - Read Full Article

Source: Cointelegraph

500K+ BTC BUYER IN TURKEY

" We get asked for millions of BTC from billion-dollar companies. We can do it with multiple sellers and multiple wallets."

- OTCbid

-10 Gross, -5% Net, Trust, Istanbul, Turkey

Seller Mandate Only

- OTCbid.com
 

NEW : 500K+ BTC @ -10% gross, -5% net, Trust, Istanbul, Turkey - Look For Seller

(Buyer :  TSA USEE-Gail)

Post: 18.11.21

​​​​​​

  • An Institutional Buyer(Trust), is looking for 500K BTC @ -10%gross, -5% net

  • This is a sophisticated Institutional Buyer, who's listed on the Borsa Istanbul stock exchange.

  • Buyer = 5%

  • Buyerside = 2% 

  • Sellerside = 2% ​​​​​

  • Intermediary = 1% (closed)

  • ​PROCEDURE:

  • 1. The Trust (BUYER) will open a USD Online Account for  SELLER.  The SELLER will receive Login credentials to see his account. 

  • 2. The BUYER shall credit SELLER's account with 100% USD  equivalent of 5,000 BTC less Discount .  

  • 3. The SELLER shall transfer the BTCs to the Trust's designated Wallet . 

  • 4. The BUYER shall Credit/Debit USD to adjust to final Price. (Price is set as soon as the BTC hits THE BUYERS wallet)

  • 5. The SELLER will send instructions through his online account to wire out the money.

  • We are direct to our Buyer. We can take whatever they have - huge appetite.

SELLER MANDATE ONLY

Interested parties should contact :

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