BITTREX ANNOUNCED THE LAUNCH OF OTC PLATFORM

On Monday the American cryptocurrency exchange Bittrex launched an OTC trading platform.

The new service will allow a limited number of customers to “quickly and conveniently trade digital assets” and will support about 200 cryptocurrencies that are already represented on the exchange itself. The OTC platform will provide “guaranteed pricing” for large trades (typically $250,000 or more).

The service will allow the direct transfer of assets between the two parties to the transaction, in contrast to the exchange trade, where orders for purchase and sale are processed through a centralized glass.

Bittrex CEO Bill Shihara called the new platform a “revolutionary trading opportunity”, pointing to the number of tokens supported by his exchange, and added:

“Bittrex has one of the broadest sets of digital assets among all OTC platforms and intends to use it to further spread blockchain technology globally, while at the same time providing its customers with price certainty as well as a fast and easy way to exchange large amounts of digital assets.”