otc

The former head of over the counter trading at Circle went on the record with On the Brink with Castle Island this week, and he had a lot to say about Tether. Dan Matuszewski, now principal and co-founder of CMS Holdings, said during his time at Circle there was no incentive to speak up about […]

Episode 29 of The Scoop was recorded on Skype with Frank Chaparro, Celia Wan, and Max Boonen, Founder & Director at B2C2, one of the world’s largest OTC liquidity providers. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Play, Stitcher, or wherever you listen to podcasts. Email feedback and revision requests to [email protected]  Max Boonen […]

SIBEX AG, a decentralized peer-to-peer (P2P) cryptocurrency trading platform, has raised 1.78 million Swiss francs (~$1.8 million) in a seed funding round. Notable investors, including Chinese venture firm Fenbushi Capital, Swiss stock exchange group SIX and blockchain-focused investment firm Accomplice VC participated in the round, among others, according to an announcement Thursday. Switzerland-based SIBEX said […]

B2C2, a cryptocurrency liquidity provider and an over-the-counter (OTC) trading firm based in London, has launched a new gold derivative product, which is priced and settled in bitcoin (BTC). Claiming to launch the cryptocurrency market’s “first” such product, B2C2 said the gold-bitcoin derivative will allow institutional clients to trade gold synthetically via its OTC trading […]

A cryptocurrency settlement solution provider now enables over-the-counter (OTC)desks to avoid the responsibility of cryptocurrency custody while also minimizing counterparty risk. KeyTango, an Israel-based startup that offers non-custodial clearing services, recently piloted options trading with OTC firm GSR Markets, in which the OTC desk did not receive the seller’s collateral in advance. Instead, the seller […]

Some of the biggest players in cryptocurrency derivatives are swapping Telegram for a newly launched trading platform. Paradigm, an over-the-counter (OTC) messaging platform for cryptocurrency traders, launched on Thursday via a partnership with cryptocurrency derivatives exchange Deribit. The platform allows traders to place large buy or sell bitcoin orders (BTC) and ether (ETH) options and futures […]

On this episode of The Scoop, Nelson Minier, who was once the world's largest Venezuelan bond trader shares his stories about being a trader during the financial crisis, how he built up Kraken's OTC business and straddling the line between the worlds of traditional and emerging financial services.

A market maker for CME and Huobi just closed a $7 million seed round led by Polychain Capital, aiming to address the growing demand for cryptocurrency liquidity from institutional traders.  Altonomy, a Singapore-based market maker, is said to connect with more than 60 cryptocurrency exchanges and OTC desks around the globe and trade over 250 […]

Genesis Global Trading, an institutional over-the-counter (OTC) cryptocurrency trading and lending firm, has strengthened its leadership team with four new hires and is expanding into Europe. The new appointments are across legal, technology and business development functions, Genesis announced Monday. Arianna Pretto-Sakmann has joined the firm as general counsel, Pat DeFrancesco as chief technology officer […]

Jason Leung, the man who has helmed DRW’s crypto trading operation, has opted to leave the firm, The Block has learned. It is the firm’s second executive departure this month following Bobby Cho, Cumberland’s former COO. Former Goldman Sachs exec James Radecki also left the firm after a one-year stint in March, as first reported […]

Crypto exchange Bitfinex has had a busy month, fighting legal battles and media scrutiny about the stability of its stablecoin, Tether. But it’s not looking to slow down, announcing via Twitter Monday that it is launching “trustless” over-the-counter (OTC) trading on its spin-off platform, Ethfinex. Almost every major crypto exchange has launched an OTC offering […]