Alameda's first Large mint just went through -- 550 WBTCs!
Alameda OTC will be providing over the counter access to WBTC on
Conversation
Hey , am really interested in why this product is otc vs on exchange. Not asking in any critical fashion just interested to know what the difference is behind the scenes. Thx 🙏🏽
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When i say on exchange what I mean is why it’s not a traditional pair Eg wbtc/btc. Might be the wrong terminology
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WBTC/BTC is 1:1 so an order book is not really helpful.
Fixed price products that respect the 1:1 (minus fees) are the best here.
FTX users all have access to this feature on their wallet. Don't let 'OTC' intimidate you.
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You can do WBTC/BTC on OTC or at ftx.com/wallet CONVERT. Mostly, as said, it's fairly boring pricing-wise so fine to have fixed-ish rates OTC.
