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Bitrace predicts that OTC services could face a large-scale freeze wave after the massive Bybit hack which resulted in a loss of over $1.5 billion. Bitrace, a joint crypto tracing and analysis platform, warned users that a mass freeze of…
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Wintermute CEO Evgeny Gaevoy says the company wants to focus on expanding its services into the U.S., starting with an office in New York. According to a recent Bloomberg report, the algorithmic trading firm and market-maker Wintermute has set its…
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Crypto custody firm BitGo has announced the launch of a global over-the-counter crypto trading desk that will feature spot and derivatives trading, among other products. BitGo’s OTC trading desk will provide an environment where institutional investors can trade spot and…
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2025 looks promising for the cryptocurrency industry after sectors like OTC and stablecoin transactions witnessed booms in 2024, Finery Markets experts shared.
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Stablecoin issuer Agora has hit a new milestone with the first-ever over-the-counter transaction involving its flagship asset, Agora USD. The company announced the significant development on Jan. 8, noting that the OTC transaction involved collaboration with Galaxy Digital, a digital…
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The crypto trading firm and market maker GSR becomes the first crypto liquidity provider to earn regulatory authorizations from both the FCA and Singapore’s MAS. GSR, the global crypto trading firm and market maker, has received approval from the Financial…
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Binance Labs announced it will be changing its name, along with expanding its scope of investment to include secondary market deals, OTC and other new projects. Though, it also mentions former Binance CEO CZ and his plans to ‘engage with…
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Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at…
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Crypto custodian firm Hex Trust officially launches HT Market MENA, enabling institutional investors to make crypto-fiat conversions through the firm’s licensed custody platform. In a press release received by crypto.news, the crypto custodian stated that the services provided by the…
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Kazakhstan’s financial authorities have frozen $1.2 million in crypto and shut down 19 illegal exchangers with a turnover exceeding $60 million. Kazakhstan has frozen $1.2 million in cryptocurrency and shut down 19 illegal over-the-counter platforms as part of a broader…
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Banking giant DBS is set to launch crypto options and structured notes for institutional and accredited clients, becoming the first Asian bank to offer such products. Singapore-based DBS Bank announced plans to introduce over-the-counter cryptocurrency options trading and structured notes…
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Hong Kong is reportedly considering involving the local securities regulator in licensing over-the-counter crypto trading services. Over-the-counter crypto trading services in Hong Kong might soon come under the joint oversight of the Securities and Futures Commission and the Customs and…
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Bitcoin surpassed the $60,000 mark again as the broader market witnessed a recovery, but a key indicator shows the expectation of another price fall. Bitcoin (BTC) surged by 2% in the past 24 hours and is trading at $60,800 at…
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Institutional demand for crypto OTC services and other enterprise offerings has surged alongside digital asset prices and the arrival of Wall Street.
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Institutional crypto trading firm Zodia Markets has officially confirmed the acquisition of Alan Howard-backed Elwood’s OTC branch. Crypto trading firm Zodia Markets has confirmed its acquisition of Elwood Technologies’ over-the-counter (OTC) crypto branch, known as Elwood Capital, backed by Alan…
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GSR’s Singapore divison secured a rare regulatory nod from Singapore as the city-state aims to become a crypto-friendly hub. GSR Markets, a Hong Kong-headquartered crypto market maker, has secured a license for its Singaporean division from the Monetary Authority of…
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