HomeCryptoBithumb launches its OTC trading desk

Bithumb launches its OTC trading desk

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 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.