Bithumb to Launch Global OTC Platform

Ortus is a block deal, matchmaking service specifically for institutional clients around the world and is registered in Hong Kong
08 February 2019   564

The South Korean cryptocurrency exchange Bithumb announced the launch of its own over-the-counter platform, access to which will be provided to investors all over the world.

The new unit, Ortus, is registered in Hong Kong and is a block deal, matchmaking service specifically for institutional clients around the world.. Company offices are also located in the UK, Japan, Australia and Argentina.

To connect to the platform, customers will have to go through a “demanding” registration process, which includes the provision of documents related to their identity and anti-money laundering. Ortus supports transfers from US bank accounts and provides custody services. What digital assets will be presented on the platform is not reported.

Institutions trading digital assets need to open accounts at exchanges and OTC desks around the world; however, there is no real solution for an aggregated liquidity provider or a trusted interdealer where Institutions can trade these assets. To fill this market gap, 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.
 

Rahul Khanna

Director, Bithumb

Last month, Bittrex launched an OTC platform with support for approximately 200 digital assets.

ErisX May Start Spot Crypto Platform Test

American broker TD Ameritrade is among big players interested in new opportunities, but both companies continues to be silent
25 April 2019   82

ErisX Derivatives Exchange is may be testing a platform for spot trading in cryptocurrencies, and some major players have already become interested in new opportunities. American broker TD Ameritrade is among them, reports The Block.

While representatives of both companies refuse to comment on the situation, however, if the partnership information is confirmed, 11 million TD Ameritrade customers will receive access to spot cryptocurrency trading.

Thus, the company will become one of the first large brokers to provide retail traders with access to digital currencies as an independent asset, and will be able to compete with the Robinhood.

Last October, ErisX attracted investments from TD Ameritrade to launch a regulated exchange of Bitcoin derivatives, Bitcoin Cash, Ethereum and Litecoin.