Hodl Hodl and L2B Global to Start a New Peer to Peer Bitcoin OTC Trading Desk
In a recent press release, Hold Hold and L2b Global announced that they are forming a partnership.
Hold Hold is a platform that allows for peer-to-peer trading with multi-signature contracts. The contracts’ features include non-custodial escrow capabilities, which allows sellers and buyers worldwide to conduct over-the-counter transactions of significant size and guaranteed settlement. Further, Hold Hold has hidden liquidity pools that const of private officers, which other users are unable to see in the exchange’s offer list and that is accessible only through a link.
On the other hand, L2b Global is an institution licensed in Europe that provides for OTC transactions and custody-based deals for buyers and sellers.
The partnership will enable both companies to work together to establish a one-stop solution for the OTC market. The solutions include sourcing liquidity and escrow services.
Max Keidun, the CEO of Hold Hodl stated in the press release, “We believe that our cooperation with L2B Global will be able to add more liquidity to hodlhodl.com, and will allow us to offer a new variety of services to our OTC partners. Our OTC partners already have an opportunity to buy or sell large amounts of Bitcoin (>1m EUR) using L2B liquidity and Hodl Hodl’s escrow solution. By merging our OTC desk with L2B Global we will be able to ensure that we not only provide safe and unique crypto solutions built by Hodl Hodl, but also proper banking solutions to cover the fiat part of the trades.
In the upcoming months, we plan to expand our newly formed OTC desk to Europe, Central Asia, and the Middle East. We also plan to extensively cover the Eastern European region — a region that lacks a proper OTC solution, while having huge liquidity and significant interest in Bitcoin from wealthy families and institutional players” — Max Keidun, CEO at Hodl Hodl.
Nik Oraevskiy, CEO at L2B Global, added in the press release,
“Until now, our matching deals relied on slow legacy trust structures and mounds of paperwork… With Hodl Hodl’s multi-sig guaranteed settlement and arbitration system, we can quickly process high volumes and ensure a faster turnaround time for our clients — it’s a win-win!”
The partnership will also allow L2b Global to merge with Tenbagger, OTC Desk’s subsidiary. Per the press release, the partners believe that consolidation will enable them to develop a unified brand to achieve a lot more.