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RE: TradeQwik Daily Report - 17 February 2017
We've got a long way to go of course, but it's encouraging to see activity in STM/USD picking up. Now need to jump start that BTC/USD market somehow...
We've got a long way to go of course, but it's encouraging to see activity in STM/USD picking up. Now need to jump start that BTC/USD market somehow...
We've got buys in for where we think BTC will end up in the next few days.
But it might be a good idea to offer a small premium over current market in order to jumpstart liquidity right away. That's not my money though, it's an off market client who said they have time and just want to fill at the best possible rates.
We'll be moving the ATMs onto the exchange as well, so as soon as people make a purchase from the ATMs it will execute buy/sell orders directly and that will help liquidity, at least on days that people are selling us their BTC.
I've also petitioned coinmarketcap to add us, and we have golos & GBG coming where GBG with serve as XAU.
So a lot of things in the works. Probably best we have this slow grow period for a couple of weeks though while we gear up and test everything. Like for instance the crashing in the steem wallet could have been a major egg on the face moment, had we 10x the volume we have right now.
Makes sense, these early days are serving as a great shakedown period to work out all the kinks. Will be interesting to see what effect those ATMs have. How many of them do you have setup so far?
We have 2 at the moment, but they see several BTC in volume daily. We'll be adding more in the future.