ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home News

Bithumb, the Cryptocurrency Exchange Launches An OTC Trading Desk for Digital Assets

Arshmeet Hora by Arshmeet Hora
February 9, 2019
in News
0
Bithumb | Cryptocurrency Exchange | OTC trading desk
0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Cryptocurrency exchange, Bithumb launched an over-the-counter (OTC) trading desk for digital assets. Dubbed as Ortus, the Hong Kong-based venture is a  “block deal, matchmaking service” for institutional clients.

The over-the-counter deal includes two parties that trade directly with each other, unlike on an exchange where orders are matched between buyers and sellers. As per the announcement made on Thursday the Rahul Khanna, Bithumb’s director said:

“Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and best price execution service.”

As per its website, Ortus has offices in the U.K., Hong Kong, Japan, Australia, and Argentina. The firm states, that the client will have to go through “strict” onboarding processes, including know-your-customer (KYC) and anti-money laundering (AML) documentation.

The platform will also offer insured custody and transfers from a U.S.-based bank account, however, the firm did not disclose that which digital assets will it offer for OTC trades. In recent months, several crypto exchanges have launched OTC trading desks to capitalize on growing interest from institutions.

Last month, Bittrex launched an OTC desk supporting nearly 200 cryptocurrencies and in December 2018, Poloniex opened OTC trading service for institutional clients with a minimum order size of $250,000.

Read more: Voyager, A Cryptocurrency Brokerage Startup Goes Public

 

Tags: BithumbBlockchain technologycryptocurrency exchangeCryptocurrency NewsDigital AssetLatest Cryptocurrency NewsLatest Cryptocurrency UpdatesOTC
Previous Post

Voyager, A Cryptocurrency Brokerage Startup Goes Public

Next Post

New Hampshire's Crypto Tax Bill Gains Some Early Traction

Next Post
New Hampshire | Crypto Tax | Bill

New Hampshire's Crypto Tax Bill Gains Some Early Traction

Recent Stories

As Bitcoin Consolidates, This Is What Analysts Are Saying on BTC, Chainlink, Aave, and SushiSwap Price Outlook

As Bitcoin Consolidates, This Is What Analysts Are Saying on BTC, Chainlink, Aave, and SushiSwap Price Outlook

January 17, 2021
Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

Ripple (XRP) Is Now the Fifth-Largest Cryptocurrency As Polkadot, Chainlink, AAVE Explode to Fresh Highs

January 16, 2021
Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

Cardano Price Analysis: Bulls Drive ADA/USD Price Past $0.37, Cardano Wants To Help Twitter Decentralize Social Media

January 16, 2021
Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

Is an Altseason Coming? Chainlink (LINK) Hits New Record Highs of $21.40, Polkadot & Cosmos (ATOM) Surge

January 15, 2021
Quickly

Financial Advisor Introduces Petition for the UK Government to Ban Crypto Transactions

January 15, 2021
LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

LTC Price Analysis: Steep Correction on LTC/USD From $186 High, Flare Networks Announces Litecoin Airdrop

January 15, 2021
Bitcoin

Bitcoin Falls Below $35k Despite the Unveiling of Biden’s $1.9 Trillion Stimulus

January 15, 2021
cryptocurrencies

The Impact Of Cryptocurrencies On The Global Marketplace

January 15, 2021
What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Trading

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,129.00 1.4%
  • ethereumEthereum (ETH) $ 1,241.69 0.66%
  • tetherTether (USDT) $ 0.998227 0.58%
  • bitcoin-cashBitcoin Cash (BCH) $ 489.79 1.17%
  • binancecoinBinance Coin (BNB) $ 46.47 6.74%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree