[SPONSORED] Unlike typical crypto exchanges, OVEXIO is able to offer large volumes and instant execution at very low cost. Moneyweb
Crypto prime broker OVEX spent much of the last year building out a network of offices in Africa and the Middle East, and in the process CEO Jon Ovadia has learned a few valuable insights into why interest in cryptos is booming in these countries, notwithstanding their legendary volatility.
Ovadia adds that interest in cryptos has exploded in these countries over the last two years for a variety of reasons: “High-net-worth individuals and family offices are starting to understand the potential benefits of crypto and the risks. We’ve seen massive drops in prices of crypto assets like Bitcoin and Ethereum in the last year, but investors also understand the potential upside.
“Cryptos are also being used as a means of payment, and we’ve seen a huge development of payment gateways in the last year or two, which allow for funds to be transferred instantly at very low cost relative to legacy financial institutions.”OVEX recently launched an instant buy-and-sell trading tool that should be of interest to traders and investors looking to get the best prices, bearing in mind that all exchanges operate closed markets with different prices.
A key advantage in using a prime broker like OVEX is the ability to place a large order and have it executed instantly with no slippage. Most exchanges lack the liquidity to handle large orders, which means the client’s order gets filled at different prices over a protracted period. This creates inefficiencies known in the financial markets as slippage.
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