Altcoin News: Bithumb Launches OTC Cryptocurrency Trading Platform

February 9th, 2019 by Marko Vidrih on ALTCOIN MAGAZINE

South Korean crypto exchange Bithumb launched an over-the-counter (OTC) platform, access to which will be provided to investors all over the world.

The new Hong Kong division of Ortus provides “blockchain services and partner search service” to institutional clients — as part of OTC transactions, the two parties trade directly with each other, unlike the exchange, where orders are distributed between buyers and sellers.

“Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and best price execution service,” said Rahul Khanna, Bithumb’s director.

According to the site, Ortus has offices in the UK, Hong Kong, Japan, Australia, and Argentina. In order to become a client of the platform, those who want to be registered in accordance with the rules of KYC/AML.

Ortus offers features such as insured custody and transfers from US bank accounts. The company did not indicate which crypto active assets it would offer for over-the-counter trading.

Author: Marko Vidrih