Coincheck Exchange Adds Ethereum And Ripple to Its New Over-the-Counter Trading Desk

Japanese cryptocurrency exchange Coincheck has added its first two altcoins to its recently launched over-the-counter (OTC) trading desk, Cointelegraph Japan reported on April 15. Coincheck, which began operating its OTC service with Bitcoin (BTC) at the start of the month, now also offers Ethereum (ETH) and Ripple (XRP), the second and third largest cryptocurrencies by market cap respectively. OTC desks offer specialized services for large-volume traders, allowing them to save on fees and skirt what would otherwise be considerable hurdles purchasing or selling major crypto investments via standard methods. The…

Fintech Firm trueDigital Expands Over-the-Counter BTC, ETH Reference Rate Distribution

New York-based fintech infrastructure provider trueDigital Holdings (TDH) is partnering with crypto data firm Kaiko and digital assets analytics company Inca Digital Securities to widen the distribution of its over-the-counter (OTC) reference rates for Bitcoin (BTC) and Ethereum (ETH). The development was shared with Cointelegraph in a press release on March 25. As reported last year, TrueEX created TDH as an affiliate in March 2018, immediately announcing a TDH partnership with prominent blockchain tech firm ConsenSys (created by Ethereum co-founder Joseph Lubin) to create a benchmark rate for the price…

South Korean Crypto Exchange Bithumb Lanches Over-The-Counter Trading Platform

South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections, institutional investors will be able to utilize Ortus services, including monitored funds transfers and access to an OTC trading desk. OTC trading is an option for institutional investors looking to perform large-volume trades, as it…

South Korean Crypto Exchange Bithumb Launches Over-The-Counter Trading Platform

South Korea’s major virtual currency exchange Bithumb has officially launched an over-the-counter (OTC) trading desk under the Ortus brand, according to a press release published on Feb. 7. Hong Kong-based entity Bithumb Global Limited owns the rights to the Ortus brand, which specializes in services for institutional investors. After completing Know-Your-Customer and Anti-Money Laundering inspections, institutional investors will be able to utilize Ortus services, including monitored funds transfers and access to an OTC trading desk. OTC trading is an option for institutional investors looking to perform large-volume trades, as it…

Bittrex Follows Major Crypto Exchanges in Launching Over-The-Counter Trading Platform

United States-based cryptocurrency exchange Bittrex will launch an over-the-counter (OTC) trading desk on Monday, according to a private statement released on Jan. 14. The latest major exchange to enter the OTC market, Bittrex will offer investors the same raft of around 200 crypto assets currently available on its standard platform. OTC trading has become an increasingly popular option for institutional investors looking to perform large-volume trades. Fellow U.S. exchange Bitfinex opened its own platform in 2016, while the country’s largest player Coinbase is currently in the process of rolling out…

Traditional Investors Shift to Over-The-Counter Bitcoin Markets

In its recent analysis published Dec. 17, research firm Diar has found that institutional investors have shifted towards higher liquidity over-the-counter (OTC) physical Bitcoin (BTC) markets. Diar noted growing investment in OTC funds like that offered by major American cryptocurrency exchange Coinbase. According to the report, Coinbase outperformed Grayscale’s Bitcoin Investment Trust (GBTC) on OTC markets in terms of BTC trade volume. While OTC trade volumes are dwarfed by non-OTC investment, it is still significant as OTC markets are only open for 31 percent of annual tradable hours. Grayscale reportedly…

Over-the-Counter Trading as the Latest Battleground to Secure Institutional Investment

  With the increasing trend for major financial institutions to invest in Bitcoin, United States crypto exchange and wallet provider Coinbase announced the launch of over-the-counter (OTC) trading for institutional customers on Nov. 27. OTC trading allows investors to carry out direct trades with each other. It means that the company’s institutional users won’t be trading through a crypto exchange or an intermediary. Coinbase’s latest trading initiative began on June 6, when President and COO Asiff Hirji explained that obtaining a regulatory license would enable the company to set off…