Bittrex is set to provide an over-the-counter (OTC) trading desk in the coming days.
The US cryptocurrency exchange grant will allow approved accounts to trade assets in a swift and convenient manner with nearly 200 cryptocurrencies supported on the platforms.
In an announcement by the exchange on Monday, the OTC desk will provide “guaranteed pricing” for main trades, “typically $250 thousand USD or greater.”
In a statement, CEO Bill Shihara called the new offering a “game-changing trading option,” highlighting the number of Tokens offered on the new platform. He said:
With one of the most extensive selections of digital assets of any OTC desk available, this offering will be another way for Bittrex to further advance adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets.
An over-the-counter trading platform allows direct transactions between two parties without a middle man, unlike traditional exchanges.
Bittrex joins other US exchanges like Poloniex and Coinbase in launching an OTC trading desks.
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