Tagged: otc trading

Singapore based Digital Asset Firm Matrixport to Launch Bit.com, a Crypto Derivatives Exchange

Singapore-based Matrixport, a company that aims to serve as a gateway to the digital economy where users can trade, custody, invest, and borrow digital assets through a single, unified platform, has launched Bit.com, a cryptocurrency derivatives exchange. Founded in February 2019, Matrixport describes itself as… Read More

Chinese Authorities in Guangdong Province Freeze 4,000 Banks Allegedly Linked to OTC Cryptocurrency Desks Engaging in Money Laundering

Authorities in China’s Guangdong province have reportedly frozen around 4,000 bank accounts which might be linked to money laundering operations through Bitcoin (BTC) and other cryptocurrencies. Local sources said that Guangdong police officials have identified bank accounts that allegedly belong to virtual currency over-the-counter (OTC)… Read More

Binance.US, the Exchange’s US Division, Launches OTC Trading Desk for 12 Major Cryptocurrencies

thought-catalog unsplash Bitcoin Ethereum Cryptocurrency

Binance.US, the leading cryptocurrency exchange company’s US-based division, has introduced an over-the-counter (OTC) digital asset trading desk. The new OTC option is only available for trades valued at $10,000 or more. OTC crypto trades are negotiated directly between the buyer and the seller. They don’t… Read More

Atomic Asset Exchange, a New Crypto Trading Platform, Is Launching its Native Token, AAB

The Atomic Asset Exchange (AAX), a newly developed digital currency exchange that offers over-the-counter, spot, and futures trading, confirmed on March 31, 2020, that it will be introducing its native exchange token, called AAB. AAX aims to connect crypto to the larger, traditional financial system…. Read More

Report: Circle Internet Financial May Sell SeedInvest, its Crowdfunding Division

Circle Internet Financial is reportedly looking for a buyer for SeedInvest, its crowdfunding division, as the Boston-headquartered crypto firm aims to focus more on its stablecoin business, according to the Block. This is notably Circle’s latest downsizing move, which began in 2019 when the firm… Read More

Institutional Digital Asset Firm Liquidty Offset Network Introduces Central Counterparty Service for OTC Traders

Institutional digital asset company Liquidity Offset Network (lon.exchange) has introduced a central counterparty service for over-the-counter (OTC) traders. The new service, called “OTSafe,” assists OTC traders in reducing credit risk and better managing different collateral requirements. Trading firms QCP Capital and LedgerPrime have reportedly started… Read More

Chainalysis: Binance, Huobi, other Major Exchanges Used to Transfer $2.8 Billion in Bitcoin to Criminals in 2019

Chainalysis, a leading blockchain analytics and cybersecurity firm, revealed on January 15, 2020 that it had managed to trace $2.8 billion in Bitcoin (BTC) being transferred to criminals via cryptocurrency exchanges in 2019, with the vast majority of these transactions going through Binance and Huobi,… Read More

Galaxy Digital, a Full-Service Crypto Merchant Bank, Records a Net Loss of $68.2 million during Q3

Galaxy Digital (TSXV: GLXY), a full-service cryptocurrency merchant bank launched by former hedge fund manager Michael Novogratz, has generated $58.4 million in net income during the first three quarters of this year, which represents a 133% increase from the same financial period in 2018. In… Read More

Japanese Cryptocurrency Platform Coincheck Launches OTC Trading Service

Japanese cryptocurrency exchange Coincheck announced on Monday the launch of its new OTC trading service. According to Coindesk, the new service will be for large-scale customers and is a service that allows users to buy and sell virtual currencies at an “attractive” price. It also allows… Read More

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