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| October 22, 2018

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BTCC Launching Cryptocurrency Exchange in South Korea

October 17, 2018 |

BTCC Launching Cryptocurrency Exchange in South Korea

Hong Kong-headquartered cryptocurrency exchange BTCC is reportedly launching services in South Korea this month. In addition to a cryptocurrency exchange, the company will offer a wallet service, a mining pool, and a consumer payments service, according to its Korean website.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

BTCC Expanding Into South Korea

BTCC, formerly known as BTC China, is launching services in South Korea on Oct. 31, according to the Investor. The beta service will start this month and the exchange “will make its official debut in November,” the publication added.

BTCC Launching Cryptocurrency Exchange in South Korea“The world’s first cryptocurrency exchange BTCC is preparing to open in Korea,” the company wrote on its Korean website’s homepage. Four services are listed: an exchange, a wallet service, a mining pool, and a service to facilitate consumer payments. “BTCC is establishing an on / offline payment system using cryptocurrency,” its website states, adding that it “is expanding services for real-life use.”

The news outlet elaborated:

BTCC said it will expand its footprint through strategic tie-ups with local and global firms.

BTCC Launching Cryptocurrency Exchange in South KoreaFounded in 2011, BTCC was one of the largest cryptocurrency exchanges in the world by trading volume before the Chinese government cracked down on cryptocurrencies and initial coin offerings (ICOs) in September last year. The government’s action caused all major cryptocurrency exchanges to exit China and move their operations overseas.

Following the crackdown, BTCC shut down its operations in China and re-launched its services in Hong Kong. The company is now headquartered in Hong Kong but serves a global customer base. The new BTCC exchange offers the trading of five cryptocurrencies against the USD — BTC, BCH, ETH, LTC, and DASH. In addition, the latter four cryptocurrencies can be traded against BTC. The BTCC Korea exchange, however, has not announced which coins will be supported.

BTCC Launching Cryptocurrency Exchange in South Korea
Cryptocurrencies supported on the main BTCC website.

Korean Cryptocurrency Ecosystem

BTCC Launching Cryptocurrency Exchange in South KoreaThe South Korean cryptocurrency market is dominated by four exchanges: Upbit, Bithumb, Coinone, and Korbit. Bithumb is the largest cryptocurrency exchange in the country by trading volume while Upbit is the largest by the number of coins listed. Upbit, which offers the trading of 164 coins in 276 markets, is a partner of U.S.-based exchange Bittrex and is backed by Kakao Corp., the operator of the country’s most popular chat app, Kakao Talk.

On Oct. 12, Bithumb confirmed that it was sold to a consortium led by a well-known plastic surgeon, as news.Bitcoin.com previously reported.

Another major cryptocurrency exchange that exited China and entered the South Korean market following the Chinese government’s crackdown is Huobi. The exchange launched its Korean operations in March, offering the trading of over 100 coins in over 200 markets, according to its website.

What do you think of BTCC expanding into South Korea? Let us know in the comments section below.


Images courtesy of Shutterstock and BTCC.


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The post BTCC Launching Cryptocurrency Exchange in South Korea appeared first on Bitcoin News.

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Fidelity Launching Crypto Custody and Trading Services

October 16, 2018 |

Fidelity Launching Crypto Custody and Trading Services

Fidelity Investments has announced the launch of a new company dedicated to providing cryptocurrency services including custody and trade execution. The services will be available to institutional investors such as hedge funds, family offices, and market intermediaries.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

New Crypto Company Formed

Fidelity Launching Crypto Custody and Trading ServicesLeading financial services corporation Fidelity Investments announced on Monday the launch of a new company called Fidelity Digital Asset Services LLC. The firm explained:

The company will offer enterprise-quality custody and trade execution services for digital assets, commonly referred to as cryptocurrencies, to sophisticated institutional investors such as hedge funds, family offices and market intermediaries.

The services offered will be in three areas: institutional-grade custody, trade execution, and dedicated client service.

Fidelity Launching Crypto Custody and Trading ServicesThe custody service will provide “a secure, compliant, and institutional-grade omnibus storage solution for bitcoin, ether and other digital assets,” Fidelity detailed, adding that its solution consists of vaulted cold storage and an access control system the firm described as “multi-level physical and cyber.”

The trade execution service will leverage the firm’s internal crossing engine and smart order router which “will allow for execution at multiple market venues.” Lastly, its clients “will have access to a dedicated team of client service specialists, from onboarding throughout the entire relationship with the company,” the firm elaborated.

Tom Jessop, head of Fidelity Digital Asset Services, told CNBC that the firm already works with 13,000 institutional clients. He noted:

These institutions require a sophisticated level of service and security, equal to the experience they’re used to when trading stocks or bonds.

With assets under administration of $ 7.2 trillion, Fidelity says it helps more than 27 million people invest their own life savings and employs more than 40,000 associates.

Fidelity’s Crypto Efforts

Fidelity Launching Crypto Custody and Trading Services
Abigail P. Johnson.

Fidelity Investments’ chairman and CEO, Abigail P. Johnson, first revealed her firm’s crypto plans in May last year. She said at the time, “I love this stuff … and what the future holds … I’d like to think that huge new markets and products will be built on these open platforms.”

The firm began researching cryptocurrency in its blockchain incubator in 2013. It has experimented with crypto mining and has integrated with Coinbase to allow customers to see their crypto balances on the Fidelity website. In 2017, Fidelity Charitable, a public charity, received $ 69 million in crypto donations.

In Monday’s announcement, Johnson commented:

Our goal is to make digitally-native assets, such as bitcoin, more accessible to investors … We expect to continue investing and experimenting, over the long-term, with ways to make this emerging asset class easier for our clients to understand and use.

What do you think of Fidelity launching crypto custody and trading services? Let us know in the comments section below.


Images courtesy of Shutterstock, Forbes, and Fidelity Investments.


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The post Fidelity Launching Crypto Custody and Trading Services appeared first on Bitcoin News.

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30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban

October 14, 2018 |

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban

A major crypto exchange in India, Unocoin, has officially announced the launch of its crypto ATMs. CEO Sathvik Vishwanath told news.Bitcoin.com that, initially, the company plans to deploy 30 machines in three Indian cities. “These ATMs help people to cash in and cash out which was not possible before” due to the crypto banking ban imposed by the country’s central bank.

Also read: RBI Argues Supreme Court Should Not Interfere With Its Crypto Decision

30 Crypto ATMs in 3 Cities

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanUnocoin has officially announced the launch of its cryptocurrency automated teller machines (ATMs). Last week, the exchange confirmed the existence of the project after someone spotted one of the machines and posted a picture of it on social media.

Sathvik Vishwanath, Unocoin’s CEO, revealed to news.Bitcoin.com on Sunday:

The first ATM will be operational in Bangalore tomorrow…In the first phase we plan to deploy 30 machines…The first one is in Bangalore followed by Mumbai and New Delhi in the upcoming week.

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban
Unocoin’s ATM. Photo credit: Twitter.

The company explained that all customers of Unocoin and its crypto-to-crypto trading platform, Unodax, can deposit and withdraw rupees using the ATMs. “Users are subject to some limits on deposits and withdrawals per transaction and per day subject to cash handling restrictions in India,” the exchange clarified. The minimum amount for deposits and withdrawals is 1,000 rupees (~$ 13.57) and must be in multiples of 500 rupees.

Vishwanath emphasized, “All coins on Unocoin and Unodax can be bought using the money deposited through ATM machines. We presently have 30 coins that can be bought.”

Established in 2013, the Bangalore-based crypto exchange now has 120 full-time employees. The exchange claims that it has processed transactions worth more than 2 billion rupees for over 1.3 million customers.

Solution to RBI Crypto Banking Ban

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanIndia’s central bank, the Reserve Bank of India (RBI), issued a circular in April banning financial institutions under its control from providing services to crypto businesses. The ban went into effect in July and all crypto exchanges in India subsequently lost their ability to provide rupee deposit and withdrawal services. Unocoin announced the suspension of its fiat support on July 13. The company has been looking for new mechanisms to allow its users to deposit and withdraw rupees ever since.

Vishwanath clarified to news.Bitcoin.com that “The ATMs deployed by us do not need any banking partnerships. These are stand-alone machines that can accept and dispense cash,” elaborating:

These ATMs help people to cash in and cash out which was not possible before due to RBI restriction on banks to not provide bank accounts. The gap is now completely filled by these ATMs except that physical access is required to deposit and withdraw money.

How to Deposit and Withdraw INR Using Unocoin ATMs

In its Sunday announcement, Unocoin detailed how users can deposit and withdraw rupees using its ATMs.

30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking BanTo deposit INR, a user needs to “enter his user ID and the OTP [one-time password] that he just received as SMS on his registered mobile number,” the company explained. After confirming account details and depositing funds into the machine, the user’s account will be updated and funds credited for use on both Unocoin and Unodax.

To withdraw INR, “users have to make a request by visiting Unocoin.com or through Unocoin mobile app where he would specify [the] desired amount for withdrawal.” A 12-digit reference number from Unocoin will then be sent to the user to enter into the ATM, along with the OTP sent to the user’s registered mobile number.

What do you think of Unocoin launching 30 crypto ATMs in three Indian cities? Let us know in the comments section below.


Images courtesy of Shutterstock, Twitter, and Unocoin.


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The post 30 Crypto ATMs Launching in India — Unocoin Unveils Solution to RBI Banking Ban appeared first on Bitcoin News.

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Major Indian Exchange Unocoin Launching Crypto ATMs

October 10, 2018 |

Major Indian Exchange Unocoin Launching Crypto ATMs

A major cryptocurrency exchange in India, Unocoin, has confirmed that it is launching crypto ATMs. While a formal announcement has not been made, an image of one of the exchange’s ATMs spreading on social media suggests that the machines support at least five cryptocurrencies.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Unocoin’s Crypto ATMs

Major Indian Exchange Unocoin Launching Crypto ATMsUnocoin, one of the largest cryptocurrency exchanges in India with over 1.2 million customers, is preparing to launch its own line of crypto automated teller machines (ATMs). An image of one of the exchange’s machines has been extensively shared on social media since Tuesday.

Sathvik Vishwanath, Unocoin’s CEO, confirmed to news.Bitcoin.com on Wednesday:

It is true that we are launching our ATM machines but we have not made the news public yet. We may need about a week more before we get this operational. Someone has spotted a machine and [they] are spreading the pic and speculation around.

The words “instant deposit & withdrawals for your Unocoin account” are written on the machine, along with “exclusive for Unocoin customers” and “credit & debit cards are not accepted.” There are also logos for BTC, XRP, ETH, BCH, and LTC next to the machine, suggesting that the ATMs support at least the five cryptocurrencies.

Major Indian Exchange Unocoin Launching Crypto ATMs
Unocoin’s ATM. Photo credit: Twitter.

Other Developments at Unocoin

Unocoin has been promoting its crypto-to-crypto trading platform called Unodax since the Reserve Bank of India (RBI) issued a circular in April banning financial institutions from providing services to crypto businesses. The central bank’s ban went into effect in July. Unocoin subsequently disabled its deposit and withdrawal services for the Indian rupee.

Major Indian Exchange Unocoin Launching Crypto ATMs

Launched in May, Unodax currently supports four base coins and over 60 crypto-to-crypto trading pairs. However, Vishwanath shared with news.Bitcoin.com last month that “India’s biggest crypto population is not ready for the crypto-to-crypto trading.” He elaborated, “There is a bigger percentage of users who just buy bitcoin as an investment than trying to earn money through short-term trading,” noting that “Regulation has been the biggest challenge followed by sentiments of users.”

Recently, another major Indian crypto exchange, Zebpay, suspended its exchange operations due to the RBI banking ban.

What do you think of Unocoin launching its own crypto ATMs? Let us know in the comments section below.


Images courtesy of Shutterstock and Unocoin.


Need to calculate your bitcoin holdings? Check our tools section.

The post Major Indian Exchange Unocoin Launching Crypto ATMs appeared first on Bitcoin News.

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Launching a Website on the Bitcoin Cash Network Is Now a Reality

September 30, 2018 |

Launching a Website on the Bitcoin Cash Network Is Now a Reality

On September 29, Bitcoin Cash enthusiast Donald Mulders wrote an interesting post on the social media network Yours.org. The post detailed that he was attempting to host a website on the Bitcoin Cash (BCH) chain using the Bitdb 2.0 application. Following the write-up, and with a little help from the BCH developer Unwriter and a tool called Cryptograffitiweb, Mulders’ on-chain hosted website ‘Bitcoin Cash Hoarder’ can now be seen on any browser.

Also read: Markets Update: Digital Asset Consolidation and Accumulation Continues

Hosting a Simple HTML Website on Bitcoin Cash

Launching a Website on the Bitcoin Cash Network Is Now a Reality
Donald Mulders.

Over the last few months, there have been many projects tied to the BCH chain and the developer Unwriter has created quite a few of them. Earlier this week we reported on Unwriter’s autonomous database called Bitdb 2.0, a platform that takes a bitcoin transaction and files it in a structured readable document or in Donald Mulders’ case HTML code. The platform inspired Bitcoin Cash enthusiast Mulders to attempt to host a simple HTML website that’s tethered to the BCH chain. In the post, Mulders says he can do a little HTML coding and mess with other people’s structured code, but he admits he isn’t a fluent programmer just yet.

“I started playing around with an idea to see how far I could take it — The idea is to host a simple HTML website on the bitcoin cash blockchain that easily could be viewed in a browser so that even my own mother is able to view it as if it was just an ordinary website,” Mulders details.

He continues:

Imagine if someone could publish sensitive information without the need for organisations such as Wikileaks, readable as a website for anyone in the world — This way anyone could publish information anonymously without endangering themselves or any middleman.

Launching a Website on the Bitcoin Cash Network Is Now a Reality
Donald Mulders’ code on Cryptograffiti.info

Bitcoin Cash Hoarder: A Website Served From Bitcoin — Written in 5 Minutes

Mulders then created an extremely simple website in HTML with the classic Snake game in javascript and uploaded the code using the site Cryptograffiti. After that, Mulders wanted to extract the data from the BCH chain so it could be displayed in a website and used Bitdb to query the code he uploaded. However, the experiment came to a halt when he just couldn’t get the site to work on a traditional browser. All Mulders could do was make the HTML code visible and store it as an HTML file on his computer and open it that way. After seeing the post on Yours, the creator of the Bitdb application, Unwriter, decided to help Mulders finish the process.

“I actually went ahead and wrote a simple web app that successfully renders this,” explains Unwriter. On Twitter, the developer explains there’s a chance the website content may change because it loads from the first transaction from that address — Nonetheless it is still the first website hosted on the BCH chain in this manner.   

And here it is… A website served from Bitcoin — Written in 5 minutes, with 59 lines of code.

Launching a Website on the Bitcoin Cash Network Is Now a Reality

The website can be viewed on any web browser at the Bitcoin Cash Hoarder address and the HTML website’s source code can be found at the Cryptograffitiweb Github repository. BCH community members seemed to like the idea on the Reddit forum r/btc and the developer of the website Cryptograffiti also complimented the work Unwriter and Mulders accomplished. After messing around refreshing the site and using different browsers, sometimes the game loads and sometimes it doesn’t so this particular website is far from perfect. But the implications of an uncensorable webpage hosted on the BCH network are huge.

What do you think about the Bitcoin Cash Hoarder website and the idea behind it? Let us know what you think about this subject in the comment section below.


Images via Shutterstock, Bitcoin Cash Hoarder, and Donald Mulders Yours.org page.


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The post Launching a Website on the Bitcoin Cash Network Is Now a Reality appeared first on Bitcoin News.

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Russian Industry Association Launching Crypto Certification Program

September 9, 2018 |

Russian Industry Association Launching Crypto Certification Program

The Russian crypto industry association is launching a crypto certification program. Applicants will be evaluated and issued a certificate showing their competency level which can be verified on the association’s website. Training will be offered to those that do not score the required number of points.

Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals

Crypto Certification Program

Russian Industry Association Launching Crypto Certification ProgramThe Russian Association of Cryptoindustry and Blockchain (Racib) unveiled on Wednesday, September 5, the details of its upcoming voluntary crypto certification program.

Formerly known as the Russian Association of Cryptocurrency and Blockchain, Racib announced its name change to the Russian Association of Cryptoindustry and Blockchain on September 6, keeping its acronym unchanged.

Russian Industry Association Launching Crypto Certification ProgramOn September 4, the association approved the concept of crypto trader certification, proposed by its vice president, Andrei Grachev. He revealed that the program will be launched “in the coming month,” RBC reported, adding that the association started developing the criteria for this system in May and the program is now ready to launch.

The certification system will be based on several criteria, the news outlet conveyed, noting that assessments will be made in areas such as “reporting, workflow, customer service, remuneration, risk sharing and profit sharing.” The publication further elaborated:

The competence evaluation will be conducted according to the following criteria: knowledge of technical analysis, knowledge of fundamental analysis, knowledge of semantic analysis, knowledge of risk management, knowledge of money management, skills of drawing up of trading strategy, trading planning skills, margin trading skills, [and] self-control skills.

Program Details

Russian Industry Association Launching Crypto Certification ProgramThe association says “both traders and funds can take part” in this program, the news outlet explained. By traders, Grachev referred to those trading professionally for clients. He noted that the certification “will not be free, because if a person is going to professionally handle this activity and manage other people’s money, he must have some [of his] own capital.”

“There will be several levels” such as basic and professional for “when a person has certain experience and business level,” he told RBC.

“Applicants will receive a certificate confirming the level of their competence. Each registered document has a unique number that can be checked on the organization’s website in the corresponding section,” the publication detailed, adding:

In the event that a trader or fund [manager] can not score the required number of points, he will be offered to undergo training for additional knowledge at the Racib center.

The association has also been keeping a registry of whitelisted crypto companies since July.

What do you think of this crypto certification program? Let us know in the comments section below.


Images courtesy of Shutterstock and Racib.


Need to calculate your bitcoin holdings? Check our tools section.

The post Russian Industry Association Launching Crypto Certification Program appeared first on Bitcoin News.

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Google CEO Tells Employees Company Isn’t Close to Launching Search Engine in China

August 18, 2018 |

Google Chief Executive Officer Sundar Pichai defended to employees the internet giant’s controversial push to do more business in China but said the company is “not close to launching a search product” in the country.
WSJ.com: What’s News Asia

Indian Crypto Exchanges Launching P2P Trading Services – Bypassing RBI Ban

July 2, 2018 |

Indian Crypto Exchanges Launching P2P Trading Services - Bypassing RBI Ban

With the impending banking ban by the Reserve Bank of India, cryptocurrency exchanges in the country are scrambling to find banking alternatives. Two Indian exchanges have announced that they are launching P2P crypto trading services which will allow traders to buy and sell crypto legally even after the central bank’s ban.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

Wazirx’s P2P Service

Indian Crypto Exchanges Launching P2P Trading Services - Bypassing RBI BanWith the banking ban by the central bank set to take effect on July 5, Indian crypto exchange Wazirx has been working on a solution for users to buy and sell crypto without needing a banking service.

The exchange announced last week that it is launching a P2P crypto transfer service which it claims to be “the most legal way to buy/sell cryptos in India after the RBI ban”. CEO Nischal Shetty described:

The buyer and seller can deal with each other directly while Wazirx acts as an escrow account for holding the cryptos during the transaction so that neither party cheats the other.

Wazirx releases the crypto to the buyer upon receiving a confirmation from the seller, he noted. “We verify the KYC details of every user before allowing them to trade on Wazirx, and keep a record of each and every transaction that occurs on our exchange.”

Indian Crypto Exchanges Launching P2P Trading Services - Bypassing RBI Ban

Launched in March, Wazirx currently supports the trading of 37 cryptocurrencies against INR and 17 BTC trading pairs.

Speaking to news.Bitcoin.com, Shetty shared, “we have 35 coins listed in just 3 months of launch”. With over 100,000 users currently, he added that his exchange is the “fastest to list those many coins in India in such a short span of time.”

Planning for RBI’s Ban

The P2P trading service will launch once the RBI ban takes effect, Shetty explained. According to the central bank’s circular, the ban prohibiting banks from servicing crypto businesses will commence on July 5.

“We will launch it whenever banks completely stop providing their services to crypto exchanges…tentatively 6th July but we’ll need to wait and watch,” Shetty told news.Bitcoin.com, noting:

People have been worried about how they would convert their fiat (INR) to crypto and vice versa. As soon as we announced P2P there was a big sigh of relief as users in India realized there are alternatives to the ban.

Five known petitions have been filed with the courts against the RBI ban. The supreme court will hear all cases on July 20, except for one petition which was filed by the Internet & Mobile Association of India (IAMAI). This petition will be heard on July 3. “After considering the urgency, the supreme court decided to hear this one out on 3rd which is before the RBI deadline,” Shetty detailed. Wazirx is a member of this association as are some other major crypto exchanges such as Unocoin and Zebpay.

Koinex’s P2P Service

Indian Crypto Exchanges Launching P2P Trading Services - Bypassing RBI BanAnother Indian crypto exchange, Koinex, also announced last week that it is launching Loop, “a peer-to-peer network for digital assets transactions using fiat currency”. The new service will be integrated into the Koinex web platform and the mobile app. Koinex users will automatically have access to it, co-founder Rahul Raj detailed, elaborating:

In conjunction with the crypto/crypto trading corridors on Koinex, the peer-to-peer transaction network will allow all users to exchange their fiat currency into a digital asset and vice versa without compromising on the seamless experience that they are used to.

What do you think of Indian exchanges launching P2P trading? Do you think RBI will find a way to stop this? Let us know in the comments section below.


Images courtesy of Shutterstock, Wazirx, Koinex, the Economic Times.


Need to calculate your bitcoin holdings? Check our tools section.

The post Indian Crypto Exchanges Launching P2P Trading Services – Bypassing RBI Ban appeared first on Bitcoin News.

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Etoro Is Launching an OTC Crypto Trading Desk for Institutions

June 17, 2018 |

Etoro Is Launching an OTC Crypto Trading Desk for Institutions

While the major banks are taking their time with offering OTC crypto trading, new entrants to the space are stepping up to fill the void. Social investing platform Etoro, which focuses mainly on retail traders, is now expanding into the institutional segment with a new cryptocurrency offering.

Also Read: This Week in Bitcoin: An End to 51% Attacks and Who Controls Bitcoin?

New Crypto Trading Desk for Hedge Funds

Etoro Is Launching an OTC Crypto Trading Desk for InstitutionsEtoro, which recently announced that it is expanding into the US with ten cryptocurrencies, is reportedly setting up an over-the-counter (OTC) trading desk in London for institutions wishing to trade on cryptocurrencies. The platform is connected to fifteen cryptocurrency exchanges from which to pool liquidity and is also said to be planning to launch one by itself. The move is explained as answering demands from hedge fund owners who expressed interest in experimenting with crypto trading.

“We are launching an OTC desk for institutions. We’ve seen more and more interest from corporates and institutions,” CEO Yoni Assia told Business Insider. “We’ve actually set up our corporate team here in the UK to start setting up accounts to trade on eToro. We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”

The Growing Institutional OTC Crypto Market

Etoro Is Launching an OTC Crypto Trading Desk for InstitutionsInstitutional OTC desks help big players whose massive transactions might move the markets if they were done in the open. And trading outside popular exchanges can also be seen as risk management, for trying to avoid losing funds in the case of another exchange hacking incident.

In the US, Circle Financial and Cumberland Mining operate OTC crypto services and Goldman Sachs was reported to be in the process of entering the field, although its CEO has denied the rumors. Additionally, JP Morgan and Fidelity are said to be assessing a move into the space. In the UK, Barclays was reported as supposedly considering launching a crypto trading desk back in April. And financial industry insiders, like David Mercer the CEO of LMAX, which recently launched a physical crypto exchange dedicated to institutional clients, expect UK banks would eventually join the market next year. In the meanwhile, big players have also set up their own private network for OTC trading, buying and selling billions every month among themselves via Skype.

“I think there is growing institutional demand and interest of public investors to understand whether they can join the party,” Etoro CEO Assia said. “That is something we definitely see out there. We see more and more public market players and big banks who are interested in this space and feel left out because they’re not allowed to invest in crypto or ICOs.”

Are London banks in risk of losing hedge fund to new trading desks if they won’t support cryptocurrency? Share your thoughts in the comments section below.


Images courtesy of Shutterstock.


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