Re:Filecoin Suspends ICO After Raising $186M in One Hour
by 101km on Friday August 11, 2017 @02:23PM
(#14992764)
There are no exchanges that will let you withdraw $xx million a day in fiat.
They'll need to spread the ETH to basically all the big exchanges, with multiple bank accounts attached, and liquidate large sums everyday for months and hope none of the accounts get frozen.
Still quite the windfall even if realistically just a fraction of the sums being thrown around.
Re:Filecoin Suspends ICO After Raising $186M in One Hour
by dahdum on Friday August 11, 2017 @02:36PM
(#14992875)
GDAX & Gemini will definitely let you withdrawal millions per day, you just need to be verified and clear from AML/KYC standpoint.
Re:Filecoin Suspends ICO After Raising $186M in One Hour
by Animats on Friday August 11, 2017 @07:46PM
(#14995355)
There are no exchanges that will let you withdraw $xx million a day in fiat.
That's why your lawyers and their lawyers have to negotiate this up front and have a deal with penalties signed before any transactions take place. If you're dealing with amounts that big, you do that.
Volume is over $80 million in the ETH-USD pair over the past 24 hours, on just two exchanges (Coinbase/GDAX, Bitfinex).
Add in CNY, KRW, EUR and the true liquidity is much higher than that.
Edit: https://coinmarketcap.com/currencies/ethereum/#USD