Bithumb Exchange Launches Its OTC Trading Desk.

Bithumb Exchange Launches Its OTC Trading Desk.

2019-02-09 | Big Bob

Bithumb Exchange Launches Its OTC Trading Desk.

In line with an official 'press release' published, South Korea's renowned cryptocurrency exchange named ‘Bithumb’ has officially launched an OTC [over-the-counter] trading desk under the Ortus brand.

'Hong Kong' based crypto exchange named Bithumb Global Limited owns the rights to the Ortus brand, that specialises for institutional investors. Once completing KYC [Know-Your-Customer] and AML [Anti Money Laundering] inspections, institutional investors are able to utilize Ortus services, along with monitored funds transfers and access to an OTC Trading desk.

Bithumb OTC trading is a possibility for institutional investors trying to perform large-volume trades, as it permits them to conduct direct trades very simply as opposite to trading via a crypto exchange itself.

Earlier in Nov. last year, leading U.S. crypto exchange and digital wallet service provider 'Coinbase' launched its OTC trading desk for institutional customers. Bittrex, which is a U.S.-based exchange, also revealed its plans to launch an OTC trading desk in mid-January this year.

And at the end of the last month, Binance exchange, the leading international cryptocurrency 'exchange', 'declared' that it had launched its own OTC trading  desk for larger transactions.

Bithumb 'exchange' that is listed at first position as per 'CoinMarketCap' by daily reported transaction volume of around $1 Bln for today, occupying a considerable lower spot by adjusted volumes, that exclude markets with no fees and transaction mining.

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