Wintermute, a cryptocurrency trading firm, is running low on ether (ETH), the native currency of Ethereum, in its OTC ("over the counter") operations.
OTC markets for digital assets allow institutional investors or companies to trade large volumes discreetly, without going through a public exchange to avoid affecting their prices. The news was announced by Wintermute's CEO, Evgeny Gaevoy, who said: "There is almost (clearly) no ETH available for sale on Wintermute's OTC desk."
According to data from the Arkham explorer, the exchange currently has 3,100 units of the Ethereum currency. This is a significant reduction considering that on July 10 it held 27,000 ETH. The lowest point was recorded on July 2, when its balance fell to just 807 ETH.
