It turned out that Bithumb (Bissam) of Korea’s leading cryptocurrency exchange starts OTC service at “ORTUS”.
(Image source: ORTUS )
OTC (over-the-counter transaction) means that the seller and the buyer make a direct deal without going through the exchange board. This will prevent the price from falling in one big deal.
ORTUS has offices in five countries: the UK, Hong Kong, Japan, Australia and Argentina.
(Image source: ORTUS)
The company does not reveal which digital asset is handled as an OTC transaction so far, but it is said that users need to pass strict process concerning customer information (KYC) and money laundering.
Article Source: PR Newswire
Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/bithumb-otc-crypto/
Disclaimer: CoinNewsDesk.com is a crypto news portal, financial discussion forum, and content curator / aggregator. Articles on Coin News Desk are provided for informational purposes only. We are not an investment advisor and do not provide financial advice.
It’s also important to it is diligence and analysis, including consulting a professional financial advisor, No content on Coin News Desk makes up a recommendation to enter in any type of investment or to engage in any investment strategy present on this website.