Post by GOAT FINANCE

Big orders don't go on the open market. Here's exactly why — and what happens instead. When an institution needs to move $10M+ in crypto, putting that order on an exchange order book is the wrong move. A visible buy order tells every other participant you need to fill. Price moves up before you're done. You pay more for every tranche. This is market impact — and it scales with size. The OTC alternative: a principal desk takes the whole block off-market. One quote, one counterparty. Your order is never visible, so there's nothing to front-run. How block execution works: 1. Send an RFQ: asset, size, direction 2. The desk prices the full block — firm, not indicative 3. You accept and the desk is committed 4. Settlement happens custodian-to-custodian No partial fills. No slippage. No surprises. At size, the execution is the alpha. For information only. Not financial advice. #InstitutionalCrypto #OTC #BlockTrading #Treasury #DigitalAssets