OTCXN Launches OTC Block Trading Venue To Trade Bitcoin, Cryptocurrencies And Fiat
OTCXN crypto exchange recently introduced its OTC Block Trading Venue that will exclusively deal with institutional investors and wealthy individuals. The platform will have sufficient liquidity as well as several storage solutions for clients who wish to transact large amounts of fiat money or virtual currencies.
Very pleased to announce the launch of OTCXN's Block Trading venue! https://t.co/Ehv1s0UUG3 Institutional clients have begun OTC trading of Fiat and Crypto with no counterparty or settlement risk. Or initiator risk! #Crypto #Blockchain #Custody #FX #Cryptocurrencies
— OTCXN (@OTCXN) November 13, 2018
Before its launch, the OTC Block Trading Venue underwent rigorous testing to determine its readiness. Now, the platform is accessible to all the customers of companies partnering the OTCXN network. Some of the notable institutions in this regard are Prime Trust and Kingdom Trust, two regulated firms that provide storage solutions for both fiat and virtual currencies.
Speaking on the OTC Block Trading venue Rosario Ingargiola, the CEO of OTCXN, said that it would allow institutional investors to transact with their peers. Moreover, the platform will mitigate the risks of trading as well as reduce the settlement period for payments.
The polarity of OTCXN among institutional investors is attributed to its inherent features. The cold storage wallet eliminates the risk of loss as a result of hacking. Additionally, the blockchain layer ensures that records are unalterable, thereby enhancing transparency. Most importantly, OTCXN is a regulated entity.
In the near future, OTCXN will introduce the LiquiMatch matching solution. Also, plans are underway to establish a platform for cryptocurrency lending in Q1 2019.