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Ex-Bitmain CEO Jihan Wu Set to Launch Crypto OTC Platform Next Month: Report

Ex-Bitmain CEO Jihan Wu could launch his newest venture next month, according to a report by The Block on June 5.One unnamed source told the website that the crypto services startup, called Matrix, “will be the biggest over-the-counter (OTC) desk and asset manager overnight.”Matrix’s OTC offering is likely to

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Galaxy Digital Purportedly Recruits Former Head of OTC at Coinbase

Tim Plakas has left the major United States crypto exchange Coinbase to join the cryptocurrency bank founded by Michael Novogratz, Galaxy Digital, an anonymous source purportedly told The Block on May 28.Plakas’ departure follows four senior executive departures from Coinbase in approximately the last seven months.Plakas reportedly held the

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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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