Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

CoinSpeaker

Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

Crypto markets show a major recovery adding $10 billion on Tuesday with Bitcoin approaching $4000. EOS becomes the steals the show with over 20% gains.

Bitcoin Approaches Closer to $4,000, EOS Surges More Than 20%

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Source: CoinSpeaker

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

CoinSpeaker

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

After covering a few of the different ways that crypto technology is getting absorbed into the more traditional sectors of finance last week, now we’d like to examine a few emerging features and techs that can impact the trajectory of crypto development.

A Look at Some of the Biggest Stories: Evergreen Issue of Cybersecurity

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Source: CoinSpeaker

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

CoinSpeaker

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

Bithumb, South Korea’s largest Bitcoin exchange by trading volume, has launched an over-the-counter (OTC) trading platform that will allow deep-pocketed traders to exchange crypto assets off the books.

Bithumb Launches Its OTC Trading Desk to Further Target Institutional Investors

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Source: CoinSpeaker

Coinbase Forays Into Asia Targeting High Volume Businesses with New Trading Services

CoinSpeaker

Coinbase Forays Into Asia Targeting High Volume Businesses with New Trading Services

Now Coinbase will provide high-volume clients across the Asian region with its professional trading and custody services.

Coinbase Forays Into Asia Targeting High Volume Businesses with New Trading Services

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Source: CoinSpeaker

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

CoinSpeaker

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

U.S. cryptocurrency exchange Bittrex has announced the launch of its over-the-counter trading desk that will facilitate trading between two parties.

U.S. Crypto Exchange Bittrex Rolls Out OTC Trading Desk Supporting Nearly 200 Cryptos

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Source: CoinSpeaker

A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman

CoinSpeaker

A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman

With VanEck facilitating OTC trades for its Bitcoin ETF, there is a higher possibility that the SEC might approve its proposal.

A Look Into Whether VanEck Bitcoin ETF Addresses Manipulation Concerns of SEC Chairman

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Source: CoinSpeaker

Coinbase to launch agency-only Over-The-Counter trading after consistent client demand

Coinbase, the poster child for all cryptocurrency exchanges in the US, is launching an agency-only OTC [Over-The-Counter] trading in response to client demand. Coinbase’s Head of Coverage, Christine Sandler, spoke about the launch of the OTC business in an interview with Cheddar recently.
Sandler said that the OTC business would act as a compliment to the Coinbase’s exchange business and said that this could benefit clients who were seeking OTC as an on-ramp for cryptocurrency trading.
Sandler added:
“So we felt that this was a huge benefit to our clients, who can actually leverage both our exchange and our OTC business. So we’re agency only and we have plans to expand the service offering to offer things like delayed settlement and potentially integrating with our custody solution as well.”
She spoke about other institutions that provided the same services like Circle or Genesis and added that the timing was “opportunistic” and that they were just “reacting to their customer requirements”. She also stated that unlike others, they were “matching client orders”.
Sandler spoke about the new initiative of Coinbase custody for asset allocators and said that these asset allocators actually help attract potential partners. She continued:
“So we found that a lot of our institutional clients have opportunities where limited partners are coming in. So asset allocators are actually representing those potential partners…and help educate the limited partners for the benefit of our clients so they can attract those funds.”
Referring to the bear market that has been hanging around the crypto-verse, Sandler said that their “crypto first clients” were staying strong and committed and believed in the technology behind cryptocurrencies. Furthermore, she explained how the crypto-ecosystem has been flooded with volatility and has caused cryptocurrencies to move to the downside and added:
“There’s one small silver lining to this volatility…it is that crypto has been front and center of the mainstream financial media the last few weeks and I think that’s driven and forced a lot of institutions to think if this is an opportunistic investment point for crypto at this point.”
The post Coinbase to launch agency-only Over-The-Counter trading after consistent client demand appeared first on AMBCrypto.
Source: AMB Crypto