Coinspot has recently disclosed that it will launch an over-the-counter (OTC) trading desk.
The new service will allow its users to carry out high-volume transactions, dealing with large quantities of funds and assets while bypassing liquidity issues and facing less risks — usually associated with this type of trading.
According to the company, the OTC trading desk will decrease the traders exposure to deep fluctuations on the crypto market.
There is, however, the main condition to use the new desk: each trade should be worth at least AUD $50,000, or around USD $36,000. Users will be able to trade Bitcoin (Bitcoin), Bitcoin Cash, Ethereum, Ripple, Litecoin, and the stablecoin Tether.
Coinspot is one of the leading cryptocurrency exchanges in Australia offering a cryptocurrency wallet, including BTC wallet.
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