Concordium OTC desk
Exclusive to AMDAX customers
Concordium is a privacy-focused, public, and permission-less blockchain architecture. Concordium is not yet publicly tradeable on exchanges. AMDAX offers customers the exclusive opportunity to buy or sell Concordium through its OTC trading desk.
Concordium OTC trading
AMDAX has made it possible for its customers to participate in the private sale of Concordium (CCD). At this time, Concordium is not yet publicly tradeable on crypto exchanges. To enable the trading of Concordium tokens, AMDAX has set up an over-the-counter (OTC) trading service. We connect people with a buying and selling interest and act as counterparty for both parties in the transaction. Concordium is currently exclusively tradable over-the-counter at AMDAX’s OTC desk.
- Available for:
Private, corporate, and institutional accounts. The minimum order size of an OTC deal is 25,000 euro.
A 2.5% commission is charged to the buyer and seller on all OTC transactions.
How does it work?
There are two ways to make an over-the-counter transaction:
In a private deal, two participants will reach a deal among themselves. AMDAX draws up the contracts as a third party and takes care of the practical handling.
After an order is received by us, it is added to our order book. These orders are processed according to the ‘ first come, first served ‘ principle. The buy and sell orders are then processed with a ‘matching engine’ . The algorithm used is based on the algorithm used for the New York Stock Exchange (NYSE) closing auction. The algorithm analyzes at which price point the most trading volume can be achieved. All buyers and sellers are then matched at that price. So there is one price for all participants, based on the interest shown by these same participants.
The process to enter into a Concordium OTC transaction is as follows:
The Concordium OTC trading service consists of rounds. A new trading round takes place every two weeks, starting on Friday, 12:00 AM and it will end two weeks later on Thursday, 11:59 PM. This means that orders after this time are automatically included in the new sales round. Transparency is a top priority at AMDAX. In the Telegram channel Concordium OTC , which is open to everyone, all information related to OTC trading is shared, such as information about new rounds and historical volumes and prices.
|1||Private deal||25 October||25 November 23:59 CEST||2.177.777 CCD||0,44 EUR/CCD|
|1||Matched deal||25 October||25 November 23:59 CEST||829.555 CCD||0,36 EUR/CCD|
|2||Matched deal||30 November||9 December 23:59 CEST||57.000 CCD||0,3725 EUR/CCD|
|3||Matched deal||10 December||23 December 23:59 CEST||80.000 CCD||0,3295 EUR/CCD|
|4||Private deal||24 December||6 January 23:59 CEST||136.111 CCD||0,36 EUR/CCD|
|4||Matched deal||24 December||6 January 23:59 CEST||1.270.800 CCD||0,2945 EUR/CCD|