Bithumb launches its OTC trading desk
Bithumb launches its OTC trading desk
Crypto

Bithumb launches its OTC trading desk

By Amelia Tomasicchio - 8 Feb 2019

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Bithumb has also decided to launch its OTC trading desk. The choice of Bithumb is similar to that already made by Poloniex, Coinbase, Gemini, Bittrex, Circle and Binance, following the hype surrounding the over the counter platforms which, according to a recent DIAR report, are recording more and more volumes.

In fact, at the end of 2018, the OTC markets have increased and Circle has benefited greatly, reaching over 10 thousand transactions for a total of 24 billion dollars traded.

Customers will mostly be institutional investors and will have to comply with the KYC/AML procedures as with any normal exchange.

For the time being, the pairs that will be available on this Bithumb OTC trading desk have not yet been announced and it is not yet clear when will the service be active.

Amelia Tomasicchio
Amelia Tomasicchio

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for Cointelegraph and CMO at Eido. She is now the co-founder and editor-in-chief of The Cryptonomist.

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