OTC News

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…

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…

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…

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…

Institutional demand for crypto OTC services and other enterprise offerings has surged alongside digital asset prices and the arrival of Wall Street.

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’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…

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…

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 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 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…

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…

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. 

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…

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…

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…