![Crypto OTC spot trades boomed 95% in H1 2024: report](https://crypto.news/app/uploads/2023/09/crypto-news-Bitcoin-and-finance-stock-exchange-blurry-blackground-bright-neon-colors-сyberpunk-style-v5.2-880x525.png)
OTC News
Latest OTC News
![This on-chain movement could bring Bitcoin price down, analyst says](https://crypto.news/app/uploads/2024/08/crypto-news-Bitcoin-on-chain-option03-880x523.webp)
Markets
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…
![Crypto OTC spot trades boomed 95% in H1 2024: report](https://crypto.news/app/uploads/2023/09/crypto-news-Bitcoin-and-finance-stock-exchange-blurry-blackground-bright-neon-colors-сyberpunk-style-v5.2-880x525.png)
News
Institutional demand for crypto OTC services and other enterprise offerings has surged alongside digital asset prices and the arrival of Wall Street.
![Elwood sells crypto OTC branch to Standard Chartered-backed Zodia Markets](https://crypto.news/app/uploads/2023/12/crypto-news-a-man-in-business-suit-standing-and-sees-on-the-Bitcoin-Sothebys-neon-colors-realism-4k-style02-880x525.webp)
News
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…
![GSR Markets secures license in Singapore to offer OTC services](https://crypto.news/app/uploads/2023/10/crypto-news-3AC-co-founder-Su-Zhus-Singapore-villa05-880x525.webp)
News
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…
![Hong Kong’s custodian Hex Trust seeks new funding amid rising appetite for crypto](https://crypto.news/app/uploads/2024/01/crypto-news-trading-chart-front-side-view-Exchange-building-background-bright-neon-colors-option07-880x525.webp)
News
Animoca-backed Asian crypto custodian Hex Trust aims to achieve profitability, while seeking more funding amid the crypto market recovery. Hong Kong-headquartered crypto custodian Hex Trust is set to start discussions about raising additional funds later this year, as the crypto…
![Speculators pump yet-to-be distributed Wormhole’s W token above $1 on OTC markets](https://crypto.news/app/uploads/2024/01/crypto-news-trading-chart-option12-880x525.webp)
News
While no timeframe for W token distribution has been revealed by Wormhole so far, speculators have already started ‘buying’ and ‘selling’ the token. Speculators are driving the price of Wormhole‘s anticipated W token above the $1 mark on over-the-counter (OTC)…
![South Korean regulators focus on OTC crypto market](https://crypto.news/app/uploads/2023/09/crypto-news-laptop-on-the-table-with-trading-chart-on-the-display-side-view-bright-tones-low-poly-styl-v5.1-880x525.jpg)
News
South Korean regulators are currently monitoring the trading in the OTC crypto market to avoid its criminal use. The South Korean Supreme Prosecutors’ Office Criminal Law Academy held a session focusing on virtual currencies’ challenges and issues in light of…
![Huobi Technology Obtains MSB License to Operate in Canada](https://crypto.news/app/uploads/2022/02/Canadas_TMX_Group_plans_cryptocurrency_futures_product_for_institutional_investors-1-880x525.jpg)
News
Huobi Technology Holdings Limited will be introducing virtual holdings to the globe of traditional finance in the Canadian market. Cloud-based offerings, data center offerings, SaaS, digital asset finance, trust & custody, OTC, financing, exchange market, and strategic investment are covered…
![Goldman Sachs Planning to Offer OTC Ether Options Trading](https://crypto.news/app/uploads/2022/02/Scaling_Solutions_Emerge_as_Ethereum_Gas_Fees_Remain_High-880x525.jpg)
News
Multinational investment banking giant Goldman Sachs has revealed intentions to introduce OTC Ether options trading, following a surge in demand from clients for the second largest cryptocurrency by market capitalization. Wall Street Bank Looking to Trade ETH Options According to…
![Goldman Sachs Executes Historic Over-the-Counter Crypto Options Trade](https://crypto.news/app/uploads/2022/02/CRYPTO-1-880x525.png)
News
According to a recent CNBC report, Wall Street giant Goldman Sachs has become the first-ever U.S. bank to complete a crypto over-the-counter (OTC) transaction. Leading digital assets merchant bank Galaxy Digital provided liquidity to facilitate and execute the pioneering bitcoin-linked trade.
![Report: XRP Sales Increase 17x Compared to Last Quarter](https://crypto.news/app/uploads/2018/07/Ripple-XRP-Set-to-Dominate-the-World-Here’s-How-880x525.jpg)
News
Ripple’s published its quarterly report for XRP on August 3, detailing important metrics around the tokens and other relevant information for investors. Maintaining a “Healthy” XRP market In Q2 2020, total XRP sales were $32.55 million vs. $1.75 million in…
![LocalEthereum Renames to LocalCryptos; Introduces Bitcoin and other Digital Currency Support](https://crypto.news/app/uploads/2019/11/“Real”-Adoption-15.3-Million-New-York-Condo-Sold-for-Bitcoin-880x525.jpg)
News
Ether (ETH) P2P exchange platform LocalEthereum has officially renamed itself to LocalCryptos and introduced support for a slew of different cryptocurrencies including Bitcoin (BTC), and several other ERC-20 tokens. LocalEthereum Looks to go Global LocalEthereum, a prominent exchange in the…
![Asia is Establishing Itself as a Cryptocurrency Marketforce Super Power](https://crypto.news/app/uploads/2018/04/Despite-Bitcoin-Price-Slump-Cryptocurrency-Payments-Steadily-on-the-Increase-in-Asia-880x525.jpg)
News
Whilst it’s true that the United States is the single largest country in terms of exchange-based purchasing volume, China has surged past them in terms of over-the-counter (OTC) Bitcoin and Tether trading volume. Ignoring Asia as one of the frontlines…
![Bitfinex Launches Ethereum-based OTC Trading Desk via Ethfinex](https://crypto.news/app/uploads/2019/06/ETHFinex-OTC-Trading-Desk-Launched-880x525.jpg)
News
Bitfinex announced the launch of its over-the-counter (OTC) trading desk via Ethfinex, a hybrid, Ethereum-based cryptocurrency exchange that supports roughly 50 ERC-20 token standards, according to a tweet on June 3, 2019. Ethfinex Trustless now Live As stated on its…
![Huobi Launches Fiat and Crypto OTC Service Trading in Gibraltar](https://crypto.news/app/uploads/2019/05/Huobi-Launches-Fiat-and-Crypto-OTC-Service-Trading-in-Gibraltar-880x525.jpg)
News
Huobi Group, the parent company of Huobi cryptocurrency exchange has launched a fully regulated crypto-to-crypto and fiat-to-crypto over-the-counter (OTC) trading desk in Gibraltar, specifically for institutional investors and high-volume traders, according to a blog post on May 15, 2019. Huobi…
![Digital Asset Trading Firm GSR Launches Bitcoin Variance Swap](https://crypto.news/app/uploads/2019/04/GSR-Launches-Variance-Swaps-A-Structured-Product-for-Hedging-Bitcoin-Volatility-880x525.jpg)
News
Algorithmic digital asset trading company GSR announced the launch of a new cryptocurrency derivative, called a Bitcoin Variance Swap, which allows investors to hedge their cryptoasset portfolio against the volatility of bitcoin. Hedging Bitcoin Volatility Using Bitcoin Variance Swaps Hong…