HomeCryptoThe Bittrex exchange launches OTC trading desk

The Bittrex exchange launches OTC trading desk

The American exchange Bittrex has announced it is about to launch an OTC trading desk. The over the counter service is expected to go online today, January 14th, starting at 19:00 European time (6 pm UTC).

The new OTC service will support 200 cryptocurrencies already present on the regular Bittrex exchange, guaranteeing prices for large trades, “typically $250,000 or greater“.

Like all OTC trading desks, this will facilitate large transactions without using the public market so as not to affect prices.

CEO Bill Shihara explained that this will be “game-changing trading option“, pointing out the number of tokens that Bittrex intends to offer on the new OTC platform.

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 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.

Coinbase and Poloniex also recently announced the launch of their own OTC trading desks. This type of service is increasingly attracting attention, especially after Circle declared it traded $24 billion in 2018.

Amelia Tomasicchio
Amelia Tomasicchiohttps://cryptonomist.ch
As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder and editor-in-chief of The Cryptonomist, and also PR manager for the Italian market at Bitget. She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.