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.
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.