Coinbase considers OTC trading for large investors

Posted 03 May, 2018

Coinbase, the major US crypto platform, considers a launch of the service for wholesale OTC crypto trading, which will be mostly aimed at the institutional investors.

This wholesale trading will be destined to allow large players, including financial institutions and hedge funds, make huge transactions without affecting the market in general. At the same time, deals are to be made in the shadow and will not be registered in the main exchange order book, as the news report read. Moreover, the information about such transactions will be released with a delay.

It is reported that the American exchange is striving to boost its competitive position against other platforms providing OTC trading via such service.

Coinbase has been providing service to large Wall Street-based companies via GDAX back in 2014. Last year the platform also announced a launch of the new company – Coinbase Custody aimed at assisting institutional investors in storing digital assets.

Meanwhile, the platform launched by Winklevoss twins – Gemini – started offering large traders transactions with bitcoin and Ethereum blocks in mid-April.

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03 May, 2018 16:54

← Inflation slower but euro slightly rebounds anyway

The European currency has moved up from the multi-month bottom on Thursday, despite reports about slower inflation in the euro-area. According to the released data, the inflation slowed down to 1.2% y-o-y in April (1.3% in March), while core inflation posted an even bigger decline. With such figures, the plans of the European Central Bank concerning...

Inflation slower but euro slightly rebounds anyway

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03 May, 2018 11:39

USA's Poloniex to revise trading fee from May 15 →

Poloniex, one of the popular cryptocurrency exchange, posted a notice on its web-site about trading fee changes to come into force from May 15. The exchange was acquired by startup Circle. The latter intends to make the platform the key pillar of its product line...From that time the fees will be based on the 30-day trade volumes in US dollar terms rather than bitcion.

USA's Poloniex to revise trading fee from May 15
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