Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom

Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market players. ICOBox experts believe that the current excitement about OTC trading can be compared to the hype surrounding ICOs in late 2017 – first six months of 2018 and that it may easily trigger the new wave of investors’ interest in the…

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UK Crypto Liquidity Provider Receives Financial Regulator's Approval

United Kingdom crypto liquidity startup B2C2 OTC Ltd. has received approval from the country’s Financial Conduct Authority (FCA) on Wednesday, Jan. 30, according to a record in the FCA’s register. A separate press release notes that B2C2, which also provides electronic over-the-counter (OTC) trading, can now offer contracts for difference (CFDs) to eligible counterparties and…

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Ripple Price Analysis: XRP Drop to Third, Coins Moved to OTC Distribution Wallets

Latest Ripple News Margins are tight, and after a five-month stint at second, XRP is back to third. Despite high volume activities which XRP and Ripple sleuths point to “abnormal” movement of coins to Ripple owned Escrow addresses. For example, on Jan 1, 2.9 billion worth of XRP worth $1.1 billion at market prices were…

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Hodl Hodl Launches First Non-Custodial OTC Bitcoin Trading Desk

The world’s first non-custodial OTC trading desk for Bitcoin has been launched by P2P cryptocurrency exchange Hodl Hodl. First Non-Custodian OTC Bitcoin Trading Desk Hodl Hodl, the peer-to-peer cryptocurrency exchange that doesn’t hold users’ funds, has launched an OTC (over-the-counter) trading platform in partnership with a licensed European broker Tenbagger. The latter is an EU regulated platform…

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The Daily: Binance Expands, Putin Advisor Visits Huobi, Brazilian Brokerage Goes Crypto

Cryptocurrency exchange Binance is making good on its promises to expand globally – focusing on emerging markets and fiat-to-crypto trading services. Also in The Daily, Huobi founder and CEO Leon Li meets a Putin adviser in Beijing, a leading Brazilian brokerage firm shares plans to launch a crypto exchange, and digital assets management firm Altonomy caters…

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Chinese Crypto Bans on WeChat Accounts, Events, and Exchanges: What Happened and Why

This week, the government of China has cracked down on crypto-related WeChat accounts, blockchain events and digital asset exchanges, solidifying its negative stance on cryptocurrency trading and the Initial Coin Offering (ICO) market. WeChat ban and PBoC’s warning against ICOs On Aug. 22, Cointelegraph reported that WeChat, China’s biggest messaging app that has over 1 billion active monthly users,…

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OTCX Facilitates First Electronic Interest Rate Swaps in Five EM Currencies

OTCX announced today that it has facilitated the world’s first electronic non-deliverable interest rate swaps in a number of emerging market currencies. The currencies in question are the Colombian Peso (COP), Malaysian Ringgit (MYR), Chilean Peso (CLP), Chinese Yuan (CNY) and the Taiwan Dollar (TWD). According to the statement, the development reflects the industry’s demand…

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