Cryptocurrency Analysis and News Portal
The authorities seized 850,000 euros, US$470,000 and 460,000 Ukrainian hryvnia (amounting to about $1.67 million in total); 830 kilograms of silver; six pieces of land; and three apartments. All were the proceeds of illegal crypto trades, the Prosecutor General's office said. The assets, worth around $3.39 million combined, were handed
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During the last week, while crypto markets got hammered, digital currency-centric over-the-counter (OTC) trading desks were swamped with orders. The cryptocurrency OTC trading desk Cumberland, a subsidiary of DRW, explained that on June 13, the firm saw 30% more volume than the previous year-to-date high on May 13. Cumberland Says ‘On
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Over-the-counter, or OTC, trading refers to any trading that is not done via an automated exchange. What exactly is OTC trading? Who does it, and why? To learn more about what an OTC desk is and how these “under the radar” exchanges operate, Magazine spoke to a few insiders to
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Aminhossein “Amin” Rad runs an over-the-counter trading desk in Dubai, United Arab Emirates. Searching for a business after dropping out of university, he started to style himself as a Bitcoin broker in 2016. Starting with his first deal after five months of wading through scammers and tire-kickers, Rad went on
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The new platform, Wintermute Node, will be a one-stop shop providing price discovery, trading and exposure monitoring of digital assets. The single-dealer platform, which will charge zero fees, allows clients to directly access Wintermute’s liquidity over API and web interface. Original Source
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Altonomy is a digital assets investments, market making and OTC firm founded in 2018, according to Pitchbook. Specializing in altcoins like the recently debuted ApeCoin (APE), its OTC desk pairs buyers and sellers of hard-to-move assets. Bookstaber said Altonomy works with over 1,000 clients. Original Source
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American investment bank Goldman Sachs continues to expand its cryptocurrency trading expertise by executing its first-ever over-the-counter (OTC) crypto options trade.Goldman Sachs executed its first OTC crypto transaction in collaboration with the trading unit of Michael Novogratz’s cryptocurrency investment management firm Galaxy Digital.According to a joint announcement on Monday, the OTC
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Hong Kong-listed virtual asset platform Huobi Technology Holdings has launched a cryptocurrency over-the-counter (OTC) service, the firm announced to Cointelegraph on Wednesday.Listed on the main board of the Hong Kong Stock Exchange (HKEX) since 2016, Huobi Technology was originally known as Pantronics Holdings, an electronic product maker founded back in
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Hong Kong, one of the most significant and leading financial centers in the world, has played a large role in the development of cryptocurrencies. For instance, the Chinese territory has birthed some of the most established and successful crypto companies to date including the crypto derivatives exchange FTX, along with
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Despite Beijing’s ever-increasing crackdown on the crypto industry, there are still some signs of life in the People’s Republic regarding the Bitcoin network and OTC trading.China intensified its clampdown on crypto last week in an effort to suppress any remaining activity related to digital assets within its borders. The regime
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