New Bittrex Over-the-Counter (OTC) Trading Desk Launches with Almost 200 Cryptocurrency Options
The popular crypto exchange Bittrex is currently launching an over-the-counter (OTC) trading desk with hundreds of virtual currencies. This would allow approved clients to easily trade the coins they want in a very easy way.
According to the statement released by the company, it will allow trades larger than $250,000 to be processed smoothly and without problems.
OTC markets are becoming increasingly attractive for investors all over the world that want to manage large-volume trades without affecting virtual currency prices. This service will facilitate the trading between two different parties.
The new desk will go live on Monday at 18:00 UTC. The CEO Bill Shihara said that this is a new trading option that will be game-changer for users and investors at the exchange.
On the matter, he added.
“With one of the most extensive selections of digital assets of any OTC desk available, this offering will be another way for Bittrex to further advance the adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets.”
There are other crypto exchanges offering OTC trading, including Coinbase and Poloniex. These exchanges offer services for institutional clients. This also allows companies to circumvent the local regulatory landscape involving securities in the United States.
The U.S. Securities and Exchange Commission (SEC) is currently trying to regulate the activities that ICOs undertake in the country. Just a few months ago, the SEC announced enforcement actions against two ICOs, Paragon and Airfox.