COINBASE HAS CONFIRMED THE LAUNCH OF OTC PLATFORM FOR INSTITUTIONAL INVESTORS

The American cryptocurrency company Coinbase confirmed the information appeared earlier in the network that it will open an over-the-counter (OTC) trading platform for institutional clients in response to the latters’ appeals. This was reported by the institutional sales department Director of Coinbase Christine Sandler in a conversation with the portal Cheddar.

According to Sandler, the OTC platform will be an addition to the company’s main exchange, which may seem especially convenient for those who want to enter the world of cryptocurrency trading with its help.

“We thought it would be a great advantage for our customers to be able to exchange and participate in OTC trading. We work only with organizations and plan to expand its offer, including deferred calculations and possibly custodial solution”, – she explained.

Sandler also mentioned other companies that provide similar services, including Circle and Genesis, noting that at the moment there are plenty of opportunities to open such a business, and Coinbase, in this case, only meets its customers’ needs.

In addition, she spoke about the custodial unit of her company, noting that their services are used by persons who are engaged in asset management of third-party investors and help to attract potential partners.

Commenting on the unfavorable situation in the market, Sandler said that their “cryptocurrency-oriented customers” demonstrate resilience and continue to believe in the future of the technology.