Blockchain.com has launched an Over The Counter Trading Desk (OTC). The impulse behind this initiative is to prepare a comfortable base for attracting the institutional investors. Thus, to broaden their field of expertise, it is a strategic move by Blockchain.com.

OTC Trading, also known as off-exchange trading is carried out between two parties directly without any supervision. It helps in catering towards the need of high-end investors. Many major exchanges like Gemini and Coinbase have their own trading desks like OTC.

DRW Fixed Income Trader Vince Machi along with Jamie Seisy is leading this project. Jamie is the former head of electronic brokerage and execution services at Investment Technology Group (ITG).

The idea is to attract large investors to use Blockchain.com. It is also planning to provide custody services to institutions which will enable them to use and keep their cryptocurrencies securely. Thus, enhancing the level of trust and satisfaction from the services.

This will help in preparing the company to cater towards the requirements for the next bull run. Additionally, this is the most convenient time to launch over the counter trading desks. This will ensure that other large trading exchanges will not suffer any loss by attracting current businesses from their previous ones.

As of now, Blockchain.com has about 28 million wallets in its database. Hence, the company is hopeful that this step will make enable them to increase the results by several folds.