Coinbase puts into service OTC trading branch

Posted 28 November, 2018

The major crypto trading platform – Coinbase – plans to set up an OTC business seeing strong demand from institutional investors.

As the head of sales at Coinbase Christine Sandler said during the interview with Cheddar, the new business division is believed to be a good supplement to their main business.

“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” she noted.

Besides, Coinbase is said to consider service expansion with plans to add deferred payments and even possible integration of Coinbase Custody service into the new OTC platform. The custodial business is mainly designed for hedge funds, exchanges, ICO companies and other large market players.

During the interview, it was also highlighted that similar services have been already offered by other exchanges, in particular, Circle and Genesis.

Thus, Coinbase has everything to correspond to the requirements of the clients, and with OTC platform the company is striving to sideline above-mentioned rivals which acquired such business earlier this year.

Commenting on the observed market volatility, Christine Sandler said that the advantage that such instability can bring is that it helps crypto market regain its popularity, as new reports about the segment are being posted every day within the past few weeks.

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28 November, 2018 16:07

← CFTC posts smart-contract guideline

The research and development department of the US Commodity Futures Trading Commission LabCFTC reportedly presented to the public the regulator's official smart-contract guidelines. The document represents the guidelines which cover both advantages and risks that smart-contracts can entail. Moreover, the regulator noted that the users must fulfil the relevant responsibilities no matter whether they use smart-contracts or not. It is worth mentioning that the compliance with the regulators' requirements can be built-in the smart contract, and thus illegal actions would become just impossible.

CFTC posts smart-contract guideline

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28 November, 2018 13:28

Oil prices rebound in light of forthcoming major events →

Oil quotes have posted some gains given upcoming OPEC meeting slated for next week. For now, the G20 summit will be in the focus. The players want to see the meeting of Washington and Beijing leaders in Buenos Aires for further trade talks. For now, January WTI futures increased to some $51.96/bbl; February Brent futures also improved reaching $60.83/bbl.

Oil prices rebound in light of forthcoming major events
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