OTC


Markets

Stablecoin Deals and China, Europe to Follow U.S. With Bitcoin Reserve: Wintermute Predictions

Wintermute report reviewed a strong 2024 as OTC volumes grew by 313%.

Institutional Adoption explodes in 2024 (Peter H/Pixabay)

Markets

Bitcoin Retail Investor Selling Signals Coming Pullback, but There Might be a Catch

Dubbed "smart money" of late, retail bitcoiners are starting to sell, but exchange balances are falling, suggesting plenty of buyers.

Tug of War. (falco/Pixabay)

Markets

Bitcoin Approaches All-Time Highs as Daily OTC Desk Inflows Drop to Year's Lows: CryptoQuant

Over-the-counter desks hold 416,000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.

Bitcoin flow to over-the-counter desks (CryptoQuant)

Policy

Hong Kong to Consult on Regulation for OTC Crypto Venues 'Very Soon'

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.

Hong Kong harbor skyline view into Kowloon

Markets

Crypto OTC Volumes on Wintermute Soared 400% in 2023

The market maker said the uptick in over-the-counter trading was due to volumes moving off-exchange.

OTC volumes in 2023. (Wintermute)

Markets

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.

(Unsplash, Kanchanara)

Finance

Asia-Based Digital Asset Firm HashKey Group Introduces Wealth Management Service

HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.

(Austin Distel/Unsplash)

Consensus Magazine

Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International

Russian banks may be cut off from the SWIFT international payments network but, despite wide-ranging international sanctions, money keeps flowing between Russia and the West. Brokers are ready to turn Russian rubles into foreign currency abroad, in cash.

(Benjamin Davies/Unsplash)

Videos

Institutional Investors Appear To Be Driving Bitcoin's Rally

An increase of bitcoin held on over-the-counter desks indicates large investors are purchasing the cryptocurrency. New Glassnode data shows the tally has increased by 70% to 5,293 BTC since January 11. Private wealth managers, high-net-worth individuals or hedge funds wishing to convert large amounts of cash into crypto assets seamlessly typically use OTC desks. "All About Bitcoin" host Lawrence Lewitinn breaks down the Chart of the Day.

CoinDesk placeholder image

Videos

Crypto Options Market Since FTX's Implosion

Market makers' share of crypto options trading volume settled through OTC platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence. And it appears the situation could persist for some time. "All About Bitcoin" host Christine Lee presents the Chart of the Day.

Recent Videos

Pageof 6