Crypto Markets News 

Interest in OTC Trading May Become the Springboard for the New Cryptocurrency Market Boom

“According to data collected by Digital Asset Research, the global daily bitcoin OTC trading value is about $250 million” writes Guest User for livebitcoinnews.com. And the first thing that interests them is OTC trading as an instrument of quick and secure cryptocurrency trading.” He sees a lot of similarities between today’s keen interest in OTC cryptocurrency trading and the industry landscape in late 2017 – early 2018, when the market was burning with fever about Initial Coin Offerings.Over-the-counter trading in digital assets is rapidly gaining popularity with the crypto market…

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News 

FFAJ FX and Binary Options Volumes Fall MoM in February

“Similar to OTC trading volumes, when measured against January, this is down by 37.9 per cent” writes Celeste Skinner for financemagnates.com. During the second month of 2019, the number of OTC forex margin trading operators registered with the FFAJ was 54.When comparing this against January, which reported a trading volume of ¥35 billion, this represents a fall of 1.6 per cent.The trading volumes for on-exchange contracts does not look much better in February, with trading volumes falling by 27.5 per cent from ¥2.4 trillion in January of 2019 down to…

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Crypto News 

Coinbase Custody Conducts First OTC Trade From Cold Storage

“Coinbase Custody, the custodial tool of United States-based crypto exchange Coinbase, has completed its first over-the-counter (OTC) trade from cold storage, according to a blog post published on March 13” writes Ana Alexandre for cointelegraph.com. The post reveals that Coinbase Custody is now directly integrated with Coinbase’s OTC desk, which enables customers to use the OTC desk to price and confirm trades prior to moving funds.Armstrong’s arguments tackled the perception that hot storage is always necessary to provide the flexibility and speed required to execute trades. Source: cointelegraph.com

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News Platforms 

Binance-Backed OTC Firm Releases Anti-Money Laundering Compliance-as-a-Service Product

“Binance-backed over-the-counter (OTC) desk Koi Trading has partnered with IdentityMind, a platform for online risk management, to develop an Anti-Money Laundering (AML) compliance-as-a-service product” writes Ana Alexandre for cointelegraph.com. The parties have reportedly released an AML compliance-as-a-service product dubbed “Koi Compliance,” supporting digital currency and targeting money services businesses.The move was purportedly taken to enable Binance Labs to utilize Koi’s quantitative research, data science, and compliance consulting services. Source: cointelegraph.com

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Brokers News 

New Product: As all-new MT-compatible multi asset solution goes live, diversification is now paramount for FX brokers

“Multi-asset trading environments, offering connectivity to massive asset bases is a pre-requisite in order to engage British investors, who are usually well-read, strategic and pragmatic” reports financefeeds.com. Thus, there is now a fully accessible multi-asset solution for retail brokers which allow the trading of spot OTC derivatives on the same platform as multi-asset exchange listed futures and equities.It’s the quiet ones that are often the dark horses, especially among firms that cater toward the financially conservative British retail electronic trading sector.Mr O’Reilly is a veteran FX industry senior figure with…

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Markets News 

IHS Markit Launches OTC Derivatives Valuation Data for FX

“IHS Markit announced this Monday that its over-the-counter (OTC) derivatives valuation data is now available to financial institutions for best execution compliance” writes Celeste Skinner for financemagnates.com. According to the statement, this valuation data will be available for a range of markets – interest rate, equity, forex, credit, commodity and structured product OTC derivatives.The time-stamped data will assist firms in monitoring intraday and historic transaction costs across foreign exchange (forex) and other OTC derivatives.As global regulations clamp down on transparency regarding financial market transactions, the London-based firm has launched this…

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News Stocks 

Cannabis company CannTrust’s stock to start trading on the NYSE at the open

“CannTrust’s OTC shares had soared 49.8% over the past three months while the ETFMG Alternative Harvest ETF MJ, +1.19% had climbed 21.6% and the S&P 500 SPX, +0.64% had gained 6.1%” writes Reporter Editor for marketwatch.com. Shares of Canada-based cannabis company CannTrust Holdings Inc. ctst will begin trading on the New York Stock Exchange Monday, under the ticker symbol “CTST.” Shareholders who bought CannTrust shares on the OTC Markets Pink Open Market, under the symbol “CNTTF” may trade their shares on the NYSE beginning Monday.The company’s shares will continue to…

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Crypto News 

Huobi Reports 100 Percent Increase in Trading Volumes in 2018 Over 2017

“Major global crypto exchange Huobi has reported a 100 percent growth in trading volume in 2018 over the 2017, according to a press release shared with Cointelegraph on Feb. 7” writes Helen Partz for cointelegraph.com. Launched in July 2018, Huobi Cloud is a platform that allows users to build their own digital asset services, mostly for establishing OTC and digital asset exchanges.The crypto exchange also acquired a Distributed Ledger Technology (DLT) license from Gibraltar to provide compliant blockchain asset trading in Europe. However, the company reportedly stressed that it will…

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Crypto News 

Data: US Traders Most Active Across Major Crypto Exchanges

“New data shows that United States traders are the most active across major crypto exchanges, according to a Feb. 4 tweet from data analytics firm DataLight” writes Miranda Karanfili for cointelegraph.com. The U.S. has the highest distribution of traders — 60 percent — on major crypto exchange and wallet Coinbase, while on Binance, Bittrex and Poloniex, U.S. traders make up 24, 27 and 28 percent of total crypto traders respectively.American traders are less represented on Hong Kong-based crypto exchange Bitfinex, at 10 percent of traders on the exchange, while German…

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