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Grayscale Gets Regulatory Nod From FINRA for Ethereum Trust to Trade on OTC Markets

American digital asset manager Grayscale Investments confirmed its Ethereum Trust (ETHE) has gained regulatory approval from the Financial Industry Regulatory Authority (FINRA) for retail trading. The news was announced in a press release issued on May 23.Set to become the first publicly-quoted security based on Ethereum (ETH), ETHE received

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2 Chinese OTC Traders Accused of Illicitly Raising Bitcoin by Promising Interest

Two Chinese over-the-counter (OTC) traders have been accused of running an illicit bitcoin (BTC) loan scheme and collecting bitcoin by promising interest on deposits, Chinese newspaper The Beijing News reports on May 22.According to the article, Yi Zhou and Xiang Li convinced traders to send them their bitcoin holdings

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South American Startup Ripio Rolls Out Crypto-Fiat Exchange and OTC Desk

Latin America-based cryptocurrency startup Ripio has launched a trading platform, including an over the counter (OTC) desk, according to a press release shared with Cointelegraph on May 16.Ripio’s newly launched platform will enable its customers in Brazil, Argentina, and Mexico to trade cryptocurrency to fiat, use digital banking services,

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Huobi Launches OTC Desk for Institutional Investors

Major global crypto exchange Huobi has launched a regulated over-the-counter (OTC) trading desk for institutional investors, according to a blog post on May 15.The new OTC crypto trading platform, Huobi OTC Desk, is fully regulated by the Gibraltar Financial Services Commission (FSC), and enables major fiat-to-crypto and crypto-to-crypto trading pairs.Unlike

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Cumberland Crypto OTC Desk Reports Spike in Large-Scale BTC Trades Within One Hour

Cumberland, the Chicago-based cryptocurrency trading unit of DRW Holdings LLC, reported a sharp, sudden spike in large-scale Bitcoin (BTC) transactions the evening of Monday, April 1. The company revealed the data in a tweet on April 4.The series of thirteen orders that the trading desk tracked all exceeded 1,000

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Japanese Crypto Exchange Coincheck Launches Bitcoin OTC Trading Desk

Photo: Coincheck / FacebookThe new trading desk gives major institutional investors a way to invest large amounts of money in Bitcoin (BTC).Coincheck wrote in their announcement:“We are pleased to announce that Coincheck (WEB) has launched a large-scale OTC trading service for large-scale customers. Large-scale OTC trading service is a

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