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   828

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.

Binance DEX to List 5 TrustToken Stablecoins

Binance DEX listed TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, tied to appropriate fiat currencies
08 August 2019   234

Non-custodian exchange Binance DEX in the near future conducted a listing of five new stablecoin issuer TrustToken, The Block reports.

As TrustToken said, Binance DEX added TrueUSD, TrueGBP, TrueAUD, TrueCAD and TrueHKD, exchange rates related to the US dollar, Australian dollar, Canadian dollar and Hong Kong dollar, respectively.

All five assets will be released on the blockchain. Until this moment, TrustToken stablecoins were available only in the format of ERC20 tokens on the Ethereum blockchain.

Binance DEX has new opportunities for making financial contributions. TrueUSD trading on Binance DEX should start on August 8th. Listing suggestions for other TrustToken stablecoins will be issued in the coming weeks.

TrustToken plans to launch its new or two additional blockchains before the end of the year and the new TrueSGD, the rate of which will be tied to the Singapore dollar, “soon”.