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 and a network of buyers and sellers ready to trade at the best price.
- Security; Embily OTC acts on a contract basis and is a non-custodial service. This means the funds are always maintained in the client’s accounts and Embily will never hold the client’s funds. In addition to this, Embily also has crypto exchange licensing as a public company.
- Privacy is ensured since prices and order books are not publicly available on OTC desks, allowing private trades that keep the total order size hidden from other market participants.
- Flexible means of payments are ensured through access to established banking system infrastructure, including support for various currencies such as USD, EUR, SGD, HKD, and others.
Core Advantages of OTC Trading:
Through OTC trading services, organizations and high net-worth individuals can take advantage of Embily’s deep liquidity pool and personalized service for popular crypto-assets such as Bitcoin, Ethereum USDT, USDC, DAI, Tron USDT, and many others- starting at 10,000 Euros equivalent.
OTC can also be a reliable and convenient tool for businesses seeking access to additional funds. Companies can use Embily OTC to invest in various digital assets, adding them to their portfolios in expectation of an increase in valuation. Some European countries, such as Germany, Switzerland, and some others have negative interest rates which give businesses the additional incentive to transfer account balances to a stablecoin not to lose on savings rates in a traditional bank.
Embily OTC is also an ideal option for cross-border payments, as the underlying blockchain allows for instant transactions independent of bank procedures and working hours. Such independence from conventional financial system timeframes makes OTCs the system of choice for speedy transaction forwarding and execution.
Onboarding:
To take advantage of Embily’s OTC services, users need to fill out an application on the official Embily website and pass the mandatory KYC procedure. Each client is then provided with an individual manager for around-the-clock assistance in carrying out operations.
The company plans to launch a B2C service for buying and selling any amount of cryptocurrencies in the near future.
Embily is a global fintech infrastructure combining crypto processing gateways for everyday transactions via bank cards and corporate services of bulk cryptocurrency operations for business needs.
BTC2WIRE OÜ, (reg. 14915269)
License – https://mtr.mkm.ee/juriidiline_isik/274940
Sakala 16a, 10141 Tallinn, Estonia
Disclaimer : There is no offer to sell, no solicitation of an offer to buy, and no recommendation of any security or any other product or service in this article. Moreover, nothing contained in this PR should be construed as any recommendation. Readers are encouraged to do their own research.
Media Contact:
Company Name: Embily
Contact Person: Kris Grig
Email: [email protected]
Website: https://eu.embily.com/
