Nelson Minier on Running a Bitcoin OTC Desk
Ver Vídeo: Nelson Minier on Running a Bitcoin OTC Desk
In this interview, I talk to Nelson Minier. Nelson is a Wall Street veteran who, for the last 2 years, has been head of Kraken’s OTC desk. We discuss working on Wall Street, how an OTC desk operates and if institutional investors are buying Bitcoin.
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“I can’t tell you where the price is going to be the next day, I really can’t, and anybody that tells you they can is either a God or a liar cause this stuff is hard.”
— Nelson Minier
Location: New York
Date: Thursday, 14th Nov
Project: Kraken
Role: Head of OTC Sales & Trading
Liquidity is crucial for any tradeable asset. A liquid market means lots of buyers and sellers, making it easy to move in and out of a position without paying a premium or selling at a discounted price. Increased liquidity also means a smaller spread (the gap between the highest bid and the lowest ask).
Bitcoin is the most liquid cryptocurrency by far but compared to traditional stocks, bonds or precious metals, it is still comparatively illiquid. For smaller trades this doesn’t present a significant problem, however, for large traders buying and selling tens, hundreds or even thousands of Bitcoin, this can present a challenge as even $100,000 can move the market significantly, especially during times of low volume.
Large traders have the option of using an over-the-counter service which allows them to place an order which is fulfilled by the OTC desk utilising multiple exchanges or other OTC clients orders to limit the effect that these large trades have on the market.
In this interview, I talk to Nelson Minier. Nelson is a Wall Street veteran who, for the last two years, has been head of Kraken’s OTC desk. We discuss working on Wall Street, how an OTC desk operates, and if institutional investors are buying Bitcoin.
Nelson Minier contact me on telegram. Is he really do business on telegram apps. I just validating it cause he ask me to invest.. If anyone knows his contact email please tell me.
thx for the insight in to your world 🙂
Windmill Beach, Judah Baker Windmill 1791 , get there 20 minutes before sunrise, you’ll pass America’s first turnabout, on River Road.
If your headed north of San Francisco on 101, don’t miss Coppola’s Winery. A Tucker on a turntable, and the desk from the God Father. Richardson Grove, stretch your legs short walk, but they charge you to park now. Fern Canyon outside Orik, Ca.. 20 minute side trip, less than a mile walk, all flat. Water shoes make it more fun. See videos on you tube. Hit Oregon, first 20 miles, stop ever where you can. Harris Beach. Check out view at top, by state park. Cape Ferelo, walk those 200 yards on trail. When trail splits take the left branch, get ready for a view of a lifetime. And Natural Bridges view area. That’s all I can remember
This guy is the bitcoin Morpheus 🥰📈🚀
Great episode Peter. Please bring Andreas A. on the show again it’s been awhile.
Politicians don't understand anything. lol
Try to withdraw from BlockFi you will not got your money any time soon ,, they hold it and complicate it, I thought withdrawals are at least in 24h but it is not like that, now I need my money who knows when I get it,,, did you tried to widhraw money from blockFI?
The Bitcoin Standard, and A Bullish Case for Bitcoin Vjay Boyapati great article online, and your interview which is how I found your great interviews.
One of 4 places I see. Lincoln Home Springfield, Il. I always see the Dana Thompson house. Greenfield Village in Dearborn Michigan, if you love history.
It’s to late now Peter but the museum of art in Indianapolis, and the estate is a must see next time in town. Gauguin the School of Brittany. And the Lilly Estate.