The Financial Services and the Treasury Bureau will consult on over-the-counter venues like shops and online platforms following the outlets’ role in crypto fraud cases.
Crypto OTC Volumes on Wintermute Soared 400% in 2023
Market maker says the uptick in over-the-counter trading was due to volumes moving off-exchange.
South Korea focuses on OTC crypto regulations as unlawful deals reach $4B
According to the Korea Customs Service report, the value of unlawful foreign exchange transactions made using virtual currency was estimated to be worth $4 billion last year.
Galaxy Executed its First OTC Options Trade as Demand for On-Chain Options Ramps Up
In 2022, “DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, told CoinDesk TV.
Blockchain platform for trading securities OTC moves forward with SEC approval
Upon approval, both the SEC and the FINRA will become Certificate Holders in the private blockchain, allowing regulators to view transactions and access the network governance.
Asia-Based Digital Asset Firm Hashkey Group Introduces Wealth Management Service
HashKey has also expanded its OTC service by expanding its liquidity coverage and its range of tokens in the spot market.
EOS Network lands $60M investment and partnership from DWF Labs
DWF Labs invests over $60 million in a partnership with the EOS Network Foundation, providing a $45 million EOS token purchase agreement and a $15 million pledge for EOS-based projects to expedite growth and adoption.
Paxful shutdown hits Nigeria harder than the rest of the world, here’s why
Paxful’s shutdown has left its global community heartbroken, but it has significantly impacted the Nigerian community, where it pioneered P2P crypto use.
Arbitrum token finds its way to OTC market before airdrop
Following the Arbitrum airdrop announcement, crypto users eligible for it are already selling them in OTC markets.
Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International
Russian banks may currently be cut off from the SWIFT international payments network. But, despite wide-ranging international sanctions against the Kremlin, money keeps flowing between Russia and the West, and a range of brokers are ready to turn Russian rubles into foreign currency abroad, in cash.
Crypto OTC trading to get traction due to FTX fiasco, exec says
The FTX crash could trigger a bigger demand for crypto OTC services as investors are looking for alternative crypto exchange methods amid weak trust in CEXs.
SBI Group reports investee getting CFTC approval for OTC derivatives trading in US
Under the U.S. Commodity Exchange Act and CFTC regulations, derivatives exchanges must have approval to operate as a Designated Contract Market or a Swap Execution Facility.
China’s crypto holdouts: Bitcoin nodes and OTC desks struggle on
There are still a handful of Bitcoin nodes hanging on in China and OTC trading remains viable, but it may not be for long.
China’s attempt to kill Bitcoin failed — Here are 3 reasons why
Bitcoin’s hashrate recovery, steady peer-to-peer markets and the steady volume exhibited by Asia-based exchanges suggest that China’s attempt to ban BTC was ineffective.
Bitcoin OTC desks buzz as analyst warns big players ‘want your Bitcoin’
There’s no shortage of demand for Bitcoin at current prices, but volatility to the downside is back on Friday.
Chinese traders turn to OTC desks amid regulatory crackdown
Threats from China’s central government appear to have done little to quash local demand for crypto assets.
DOT over the counter? Osprey Funds set to launch Polkadot investment trust
Accredited investors will soon have over the counter access to a DOT investment trust
State Street to provide tech for institutional Bitcoin trading platform
Currenex, a State Street-owned FX platform, will provide its infrastructure for the Pure Digital cryptocurrency exchange.
At Least One Key Huobi Executive Is In Custody in China: Sources
The Chinese police appear to have intensified their crackdown on crypto exchanges’ OTC trading services in the last year.
Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts
The platform will close all its over-the-counter (OTC) trading services because of the risks related to uncertainties from China’s regulatory policies/