Tagged: otc

Finery Markets, an OTC Multi-Dealer Digital Marketplace for Crypto Firms, Makes Key Appointments

Finery Markets, an OTC multi-dealer electronic marketplace for crypto businesses and institutions, is pleased to announce a further appointment to the leadership team. Krish Chatterjee has joined Finery Markets as an advisory member for business development in APAC. Prior to joining Finery Markets, Krish held… Read More

Digital Asset Liquidity Provider B2C2 Strengthens European Operations with Woorton Acquisition

B2C2, the crypto liquidity provider servicing institutional clients globally, has successfully completed the acquisition of Woorton, the European firm focused on market making and over the counter transactions in the digital asset industry. This strategic move marks B2C2’s commitment “to enhance client coverage and with… Read More

Digital Assets: Archax Introduces Crypto OTC Desk, Expanding Services for Institutional Investors

Archax, the global, regulated digital asset exchange, brokerage, and custodian, announces the launch of its Crypto OTC Desk. This new service offering “further strengthens Archax’s position as a credible bridge between the blockchain-centric crypto community and the traditional investment space.” Archax claims that it has… Read More

Digital Assets: Kraken’s OTC Portal Now Part of Kraken Pro

Kraken is pleased to announce that Kraken’s OTC Portal is now integrated within Kraken Pro. This integration “allows OTC clients to access the features and functionality they know and love from our OTC Desk via a fully automated, self-service UI.” You may access the OTC… Read More

Digital Asset Firm Gemini Introduces Electronic OTC Solution

Digital asset firm Gemini is pleased to announce the launch of electronic over-the-counter trading (eOTC), which is described as “a fully-automated crypto trading solution tailored to institutional counterparties worldwide, which will be offered through an affiliate of Gemini Trust Company, LLC (GTC).” Gemini eOTC offers… Read More

Finastra Onboards Fragmos Chain’s Blockchain Platform for Digitalization of OTC Derivatives Post-Trade

Finastra announced a collaboration with Fragmos Chain, a blockchain platform which digitalizes interactions between financial institutions, “to provide Finastra customers with out-of-the-box integration with Finastra Summit, its over-the-counter (OTC) derivatives market solution.” The API-first integration, via FusionFabric.cloud, “enables banks globally to digitalize their OTC derivatives… Read More

ErisX Announces Settlement Service for OTC Digital Currency Transactions

ErisX, a Cboe Global Markets (Cboe: CBOE) company, announced it has introduced the ErisX Settlement Service, a solution designed “to help remove settlement risk for over-the-counter (OTC) crypto transactions.” The offering expands ErisX’s suite of tools for institutional investors, “enabling them to settle OTC trades… Read More

Digital Asset Firm Gate.io Group Is Offering OTC Block Trading Service in Dubai

Gate.io Group has announced the launch of its over-the-counter trading platform Gate OTC, which will “provide fully-licensed OTC crypto trading services catered to institutions and high-net-worth individuals.” Services are “offered in various countries around the world, supporting several mainstream cryptocurrencies.” The launch of Gate OTC… Read More

OSTTRA’s TriOptima Announces triBalance Credit Optimization Rebalancing Initiative to Lower Risk in Central Counterparties

OSTTRA’s TriOptima, an infrastructure service that aims to reduce costs and mitigates risk in OTC derivatives markets, has announced a triBalance credit optimization rebalancing initiative that “reduces risk in multiple central counterparties (CCPs), including LCH CDSClear and ICE Clear concurrently.” As mentioned in the announcement,… Read More

ION Markets Acquires Clarus Financial Technology, an SaaS Analytics, Data Provider for Derivatives

ION’s XTP offering will be expanded with real-time margin and risk management and monitoring services for cleared and uncleared OTC derivatives. ION Markets, an international provider of analytics, trading, and risk management solutions for capital markets, has confirmed its acquisition of Clarus Financial Technology, a… Read More

Digital Asset Management Secures £1.1 Million from Over 400 Investors via Crowdcube at £55 Million Pre-Money Valuation

The team at Digital Asset Management reports that it is now live on Crowdcube as the first Gibraltar registered firm to crowdfund. The firm’s management told Crowdfund Insider: “During the first few days of being live in Dam’s community, the company has raised over 1,000,000… Read More

Philippines based Moneybees, an OTC Cryptocurrency Service, Launches New Outlets to Support Local Bitcoin, Ethereum Transactions

Moneybees, which claims to be the very first over-the-counter (OTC) cryptocurrency service in the Philippines, has announced that it’s launching three new outlets this month. The outlets are being opened to accommodate the growing demand for OTC transactions among Filipino cryptocurrency traders and investors, according… Read More

Crypto OTC Markets See Up to 3x as Much Volume as Regular Exchanges, “Anecdotal Evidence” Suggests, Fintech Circle Claims

Global Fintech firm Circle notes that in the cryptocurrency over-the-counter (OTC) market, professional market participants are able to carry out large trades in a private manner and with “minimal price slippage,” which is why institutional clients are now “flocking” towards crypto OTC trading desks. Although… Read More

Talos, an Institutional Trading Solution Provider for Digital Assets, Adds Major OTC Liquidity Providers

Talos, a technology provider for the institutional trading of crypto-assets, revealed on November 23, 2020, that the order flow from six (over-the-counter) OTC liquidity providers has been successfully integrated into its “end-to-end” trading platform. According to a release shared with Crowdfund Insider, these Talos partners… Read More

Visa’s UK-Wide “Access to Cash” Program to Provide Retailers a Fee for Handling OTC Cashback Transactions

Payments giant Visa is reportedly set to take its “access to cash” program industry-wide by teaming up with several financial institutions, in order to provide high street retailers in remote areas a fee for handling over the counter (OTC) cashback transactions. The launch of the… Read More

Kraken Cryptocurrency Exchange’s OTC Division Announces Acquisition of Circle Trade

The OTC division of San Francisco’s Kraken cryptocurrency exchange has announced it is acquiring prominent crypto start up Circle’s “Circle Trade” OTC division. “Today, we’re excited to announce that Kraken is acquiring one of the most recognized OTC desks in crypto, Circle Trade,” Kraken states… Read More

SigOne Capital Now Offers Complete Suite of OTC Trading Services Including Lending Desk

SigOne Capital says it is now offering a full suite of crpto trading services for the institutional/HNW investor. The OTC service says they are now offering OTC trading through voice, API & web portal along with a lending desk to borrow and lend crypto. SigOne… Read More

LocalBitcoins Suspends In-Person Cash Trades by US Customers

LocalBitcoins, a popular global bitcoin trading service that matches individual buyers and sellers, has removed in-person cash trades from its list of available payment options. The change appears to have been applied across the platform, though some Canadian sellers are still advertising a “cash in… Read More

LocalBitcoins Implements KYC/AML Customer Identification Procedures

LocalBitcoins, a global web-based service founded in Finland that allows sellers and buyers of Bitcoins to coordinate sales and meetings has announced that it will be requiring users to provide proper identification from now on. The announcement follows the implementation of new laws governing such… Read More

Coinbase Debuts New OTC Trading Desk For Institutional Investors & Brings Ethereum Classic on Coinbase Wallet

Coinbase has officially launched its new OTC trading desk specifically for institutional investors, according to Cheddar. The launch comes just one month after Coinbase raised $300 million through its Series E funding round. While sharing details about the OTC trading desk, Christine Sandler, Head of Sales… Read More

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