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Tallin, Estonia, March 30, 2022 (GLOBE NEWSWIRE) — Embily™, a global payment network has launched a service for businesses and high net worth individuals, allowing them to buy and sell large amounts of cryptocurrencies from their business accounts. The move comes as the company continues to develop innovative financial management services to add to its core product lineup of crypto debit cards. The service is available worldwide with the exception of certain sanctioned countries and the United States.
OTC (Over-the-Counter ) also known as “off-exchange trading”, OTC is a direct interaction between two parties (Embily and a client) to consummate a transaction without the supervision of an exchange. Due to the considerable slippage that often results from order size increases, centralized exchanges are seen as best for smaller trades. OTC avoids this, making it the preferred method for both businesses using corporate bank accounts and individuals with substantial liquid assets to buy and sell cryptocurrencies all while avoiding high fees.
Embily OTC benefits:
- No price slippage; Embily provides quotes for the entire order, allowing for large volume trades at fixed prices.
- High liquidity; Embily has both native pools …
Full story available on Benzinga.com
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