OTC

DBS, Singapore's largest bank, is launching over-the-counter Bitcoin and Ethereum options trading for its institutional and accredited wealth clients in Q4 2024.  DBS’s New OTC Services Singapore's largest bank, DBS, is set to expand its digital asset offerings by launching over-the-counter (OTC) options and structured notes linked to Bitcoin and Ethereum. This move, expected to be available to the bank's institutional and accredited wealth clients in the fourth quarter of 2024, marks DBS as the first Asian-headquartered bank to introduce…

The post Hong Kong’s SFC Proposes New Licensing for OTC Crypto Services appeared first on Coinpedia Fintech News Hong Kong’s Securities and Futures Commission (SFC) is contemplating a new licensing regime for over-the-counter (OTC) cryptocurrency services and gathering industry players’ feedback. This proposed regulation aims to bring OTC trading under the SFC’s oversight in collaboration with the Customs and Excise Department. The SFC has flagged unlicensed crypto platforms in an alert list, intensifying scrutiny as Hong Kong seeks to enhance…

Justin Sun has offered to purchase the German government's $2.3 billion Bitcoin holdings off-market to prevent potential negative impacts on the cryptocurrency's price. Sun's Proposal Tron founder Justin Sun is again playing savior with his offer to purchase the German government's Bitcoin holdings, valued at over $2.3 billion. Sun made this announcement via a tweet on July 4, expressing his interest in buying Bitcoin (BTC) off-market to avoid significantly impacting the cryptocurrency's price. In his tweet to his 3.5 million…

Recent data from CryptoQuant has highlighted a significant shift in Bitcoin Miners behavior, with miner reserves dropping to their lowest levels since 2010 while over-the-counter (OTC) selling activity has surged to higher levels. What This Means For BTC At the beginning of the year, miner reserves stood at approximately 1.87 million BTC but have yet to grow to about 1.81 million BTC today, a level not seen since 2010. This reserve decline is notable as it indicates a higher propensity…

Arbitrage refers to purchasing and selling an asset to profit from a difference in the asset's price between markets. It is a trade that profits by exploiting the price differences of identical or similar financial instruments in different markets or different forms.  Arbitrage has existed for years in the financial world and is gathering momentum in cryptocurrency. However, with cryptocurrency trading taking root and spreading worldwide, there are periods with significant price variance between exchanges.  Crypto arbitrage is when traders…

Some perpetrators targeted a multinational financial institution based in Spain, Banco Santander. It is an online heist that involved the sum of $900,000. However, it was forestalled following the seizure of the money by local over-the-counter (OTC) cryptocurrency exchanges. After the heist, they quickly tried the conversion of the stolen funds into Bitcoin. The local press, known as the Bitcoin Portal, said due to the huge sum of money involved, this prompted several of the bank accounts of the exchanges…

Singapore is one of the leading countries when it comes to cryptocurrency adoption. As such, it is no surprise that the country is home to several trading exchange platforms.  Bitget.com is one such exchange that has its headquarters in Singapore. However, the digital asset trading platform serves users across the world.  Like any other trading platform, it is necessary to get into the full details before joining Bitget.com. For this reason, we went into all the trouble to provide a…

There has been a recent surge in products and platforms providing DeFi services. Decentralized Finance, commonly referred to as DeFi, denotes any financial service offered on a blockchain, usually Ethereum smart contracts. An example of DeFi services and solutions is Over-the-Counter (OTC) cryptocurrency, which has witnessed enormous growth marked by a substantial increase in volume and clients across the globe in the past three years. Bloomberg's recent report established that OTC turnover in 2018 amounted to more than 5.47 trillion…

Founded in 2013, the San Francisco-based cryptocurrency exchange Circle is one of the earliest digital assets players. The OTC office once got recognized as one of the most profitable companies on the market. On 17 December, Kraken confirmed its purchase of Circle's over-the-counter office. In a blog post announcing the move, Circle co-founders Jeremy Allaire and Sean Neville confirmed the firm's OTC business's sale to Kraken. They stated that they have known and admired Jesse and his team at Kraken…