Main page News, Cryptocurrency Exchanges, Institutional Investors

Coinbase, the largest cryptocurrency company in the United States, doesn’t abandon plans to launch an over-the-counter platform in response to demand from large investors. About this in a conversation with Cheddar said the Coinbase head of institutional sales Christine Sandler.

According to her, the OTC platform will complement the company's main business areas:

“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” said Christine Sandler, head of sales at Coinbase. “We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business.”

She also noted that the company plans to expand the range of services and, in particular, to offer the option of deferred payments, and is also considering the possibility of integrating the OTC platform with the Coinbase Custody service. The latter is aimed at large market participants, such as hedge funds, exchanges, ICO startups, etc.

Recall that in the cryptocurrency market there is a similar OTC-platform Circle Trade, where the minimum threshold for transactions with Bitcoin is $500,000.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Read also:
Please describe the error