Home / Crypto News / OTC introduction of major cryptocurrency exchange successively! What? Bithumb (Bissam), a major Korean exchange, announces that it will begin OTC trading!

OTC introduction of major cryptocurrency exchange successively! What? Bithumb (Bissam), a major Korean exchange, announces that it will begin OTC trading!

It turned out that Bithumb (Bissam) of Korea’s leading cryptocurrency exchange starts OTC service at “ORTUS”.

OTC introduction of major virtual currency exchange successively! What? Bithumb (Bissam), a major Korean exchange, announces that it will begin OTC trading!  - 1

(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.

OTC introduction of major virtual currency exchange successively! What? Bithumb (Bissam), a major Korean exchange, announces that it will begin OTC trading!  - df00f799cae9023602a9efcc9883e18c

(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.

Introduction of OTC transactions at major exchanges has been spreading globally, so far Coinbase (Coinbase), Bittrex (Bitlex), Binance (Binance), etc. have announced introduction.

Binance announces the start of handling OTC service – CRYPTO TIMES
– US Coinbase (coin base) starts OTC trading for institutional investors! – CRYPTO TIMES

Article Source: PR Newswire

Author: Yush [Coin Desk News] – Source Post: https://crypto-times.jp/bithumb-otc-crypto/

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