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Trump’s Odds of Winning Soar, OTC Volume Surges 95% in H1, and More — Week in Review
21.7.2024
Former U.S. President Donald Trump experienced a surge in prediction market odds for winning the presidential election after an assassination attempt at a Pennsylvania rally. Ripple’s CEO and legal chief celebrated their firm’s landmark legal victory against the SEC, affirming that...
FTX and Alameda Research Collapse Sad Event but ‘Good for the Long Run’ Says DWF Labs Managing Partner
27.1.2023
While the collapse of the crypto exchange FTX and its affiliate Alameda Research is thought to have left many crypto players, including market makers, in the worst possible position, according to Andrei Grachev, managing partner at DWF Labs, this incident may have helped to “flush...
Cumberland Sees Massive OTC Moves During Crypto Market Rout — ‘Most Volume We’ve Seen This Year’
19.6.2022
During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous...
Central Bank’s Targeting of P2P Crypto Transactions Forces Startup to Quit Nigeria
23.11.2021
The Nigerian startup behind the social payment app for cryptocurrency and fiat, Kurepay, says the Central Bank of Nigeria (CBN)’s current crackdown on crypto entities has forced it to suspend operations in Nigeria. ‘Horrible’ Year for Crypto Adoption According to a report...
Singapore Grants Crypto Licenses to DBS and Independent Reserve
1.10.2021
The Monetary Authority of Singapore (MAS), the country’s central bank, has formally approved two companies to provide crypto services. One is the brokerage arm of DBS, the largest bank in Singapore and Southeast Asia. The other is Independent Reserve, a crypto exchange and OTC trading desk....
Grayscale Adds 174,000 LTC to Its Litecoin Holdings- Price of the Altcoin Unresponsive
4.3.2021
According to reports, Grayscale added 174,000 tokens to its litecoin holdings in the past month. This haul pushed its total holdings of the altcoin to 1.44 million. Following this acquisition, which represents 80% of all litecoin that were mined in the past month, the total value...
Fidelity Digital to Accept Bitcoin as Collateral for Cash Loans
10.12.2020
Fidelity Digital says it will allow institutional customers to pledge bitcoin as collateral against cash loans in partnership with Blockfi. The firm’s decision helps bitcoin investors turn their digital holdings into cash without selling. Fidelity’s targeted clients include hedge funds...
Mike Novogratz’s Galaxy Digital Holdings Reports $38.5 Million Income for Q2: “We’ve Crossed the Rubicon’
16.8.2020
Galaxy Digital Holdings reported on Friday, August 14 that its comprehensive income for Q2 grew to $38.5 million. The figure reflects both net realized and unrealized gains from digital assets, as well as investing activities of $28.3 million. In an earnings call, Galaxy Digital President, Chris...
Binance.US Launches OTC Trading Desk for Large Trades
11.5.2020
Binance US has launched an OTC trading portal for major orders above $10,000
Benefits of Binance over-the-counter (OTC) Trading Desk for crypto-to-crypto Transactions
21.5.2019
Binance is the most famous cryptocurrency exchange which was started in China; lately, they have shifted their center of Operations to the crypto friendly island of Malta in the European Union. Binance is the name which comes in mind for crypt to crypto exchange services. Even though it...
Another Crypto Exchange Launches OTC Desk While Huobi Global Unveils a Token Launch Platform
23.3.2019
Poland-based cryptocurrency exchange BitBay has launched a crypto over-the-counter (OTC) trading desk. A well-known community trader claims that the price of Bitcoin may fall below $3,500 before the next major break-out can be possible. Huobi Global, one of the largest […]
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