Wyre, a giant of the cryptocurrency industry which has facilitated more than 3.5 billion USD in cryptocurrency trades so far, has recently announced an expansion for its trading services, which will be made by launching a dedicated over the counter (OTC) cryptocurrency trading desk platform.
OTC, if you do not know, stands for trading securities that are listed off traditional exchanges. Being a powerful and influential company in the global blockchain market, Wyre is in an unique position to open such a service.
What Will Wyre OTC Deliver?
The following services have been announced by Wyre: 24/7 trade with support and execution around the clock, global access to markets (federally licensed in USA, Australia and Hong Kong) and pricing that will vary from $10,000 to $10 million, being executed at competitive pricing.
Thomas Scaria Will Join the Wyre OTC
It also announced at the same time that Wyre would hire Thomas Scaria for its Wyre OTC desk. Scaria has worked as Investment Associate at Citi and has a deep understanding of trades and technical research. Scaria commented that the times are really exciting because the blockchain is enabling a whole new infrastructure for trading and this hybrid approach might bring new values to the clients.