Over-the-Counter Trading as the Latest Battleground to Secure Institutional Investment

With the increasing trend for major financial institutions to invest in Bitcoin, United States crypto exchange and wallet provider Coinbase announced the launch of over-the-counter (OTC) trading for institutional customers on Nov. 27.

OTC trading allows investors to carry out direct trades with each other. It means that the company’s institutional users won’t be trading through a crypto exchange or an intermediary.

Coinbase’s latest trading initiative began on June 6, when President and COO Asiff Hirji explained that obtaining a regulatory license would enable the company to set off on a “path to offer future services that include crypto securities trading, margin and over-the-counter (OTC) trading, and new market data products.”

Reference: https://cointelegraph.com/news/over-the-counter-trading-as-the-latest-battleground-to-secure-institutional-investment

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