[SPONSORED] One of big markets OVEXIO is eyeing is remittances, which the WorldBank estimates is worth 2.5% of GDP in sub-Saharan Africa. Moneyweb Bitcoin cryptos
OVEX, the largest digital asset prime brokerage and exchange in South Africa has just announced its next big move with the launch of a full-service forex solution, OVEX FX.
Placing an order for $10 million worth of bitcoin on a regular crypto exchange may take days to settle. OVEX is able to settle that almost instantly, so avoiding the price slippage and higher costs that come with a trade that has to be broken up into bite-sized chunks. “The same formula that we use in SA will be exported to other countries. We are able to offer deep liquidity for those who want to buy big volumes of cryptos, and we offer tight spreads and low fees for institutional and retail clients to buy, sell and earn crypto. Plus we also offer a forex service for all major currencies.”OVEX offers the widest range of stablecoins in SA, covering the US dollar, euro, Swiss franc, yen and other major currency pairs.
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