Tagged: over the counter 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

$5 Million Santander Bank Robbery Thwarted in Brazil, as Perpetrators Caught Trying to Convert Funds to Bitcoin

A potential $5 million online heist in Brazil had attempted to target Spanish financial giant, Banco Santander, however, it was reportedly stopped after the money was seized from local over-the-counter (OTC) digital currency exchanges. The alleged thieves had tried to convert the stolen money into… 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

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