OTC

Hong Kong harbor skyline view into Kowloon

The Financial Services and the Treasury Bureau will consult on over-the-counter venues like shops and online platforms following the outlets' role in crypto fraud cases.

By Camomile Shumba

Feb 2, 2024 at 12:17 p.m. UTC

Feb 2, 2024

RegulationsCryptoOTCHong Kong

Markets

Wintermute

Crypto OTC Volumes on Wintermute Soared 400% in 2023

The market maker said the uptick in over-the-counter trading was due to volumes moving off-exchange.

By Sam Reynolds

Jan 10, 2024 at 5:44 a.m. UTC

Jan 10, 2024

WintermuteLiquidityBinanceOTCOTC Desks

Markets

Trading

Galaxy Executed Its First OTC Options Trade as Demand for On-Chain Options Ramps Up

In 2022, “DeFi performed exceedingly well while CeFi and some traditional methodologies for transacting had some challenges,” Jason Urban, Galaxy’s global head of trading, tol...

By Lyllah Ledesma

May 18, 2023 at 3:49 p.m. UTC

May 18, 2023

TradingOTCGalaxy

Finance

Asia

Asia-Based Digital Asset Firm HashKey Group Introduces Wealth Management Service

HashKey has also expanded its OTC service by expanding its liquidity coverage and range of tokens in the spot market.

By Jamie Crawley

Apr 14, 2023 at 1:00 a.m. UTC

Apr 14, 2023

AsiainvestorsOTC

Consensus Magazine

Russia

Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International

Russian banks may be cut off from the SWIFT international payments network but, despite wide-ranging international sanctions, money keeps flowing between Russia and the West....

By Anna Baydakova

Mar 15, 2023 at 11:00 a.m. UTC

Mar 15, 2023

RussiaOTCSanctionsTetherStablecoin

Institutional Investors Appear To Be Driving Bitcoin's Rally

Video

Cdtv

Institutional Investors Appear To Be Driving Bitcoin's Rally

An increase of bitcoin held on over-the-counter desks indicates large investors are purchasing the cryptocurrency. New Glassnode data shows the tally has increased by 70% to 5...

By CoinDesk Inc

Jan 17, 2023 at 9:02 p.m. UTC

Jan 17, 2023

cdtvLawrence-Lewitinnaab clipChartDay_SponsorGlassnodeOTC

Crypto Options Market Since FTX's Implosion

Video

Cdtv

Crypto Options Market Since FTX's Implosion

Market makers' share of crypto options trading volume settled through OTC platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on...

By CoinDesk Inc

Dec 19, 2022 at 9:37 p.m. UTC

Dec 19, 2022

cdtvChristine-Leeaab clipChartDay_SponsorParadigmhedge fundsOTC

FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services

Video

Reuters

FTX Collapse: Ontario Teachers' to Write Off FTX Stake; Genesis Block Reportedly Ceases Trading Services

Ontario Teachers' Pension Plan, one of Canada's largest pension funds with nearly $250 billion in assets under management (AUM), will write down the entirety of its $95 millio...

By CoinDesk Inc

Nov 18, 2022 at 9:34 p.m. UTC

Nov 18, 2022

ReutersDigital Currency GroupcdtvFTXaab clipGenesis BlockcontagionOTCGenesis global capitalAumOntario teachersGenesis block trading

Cryptocurrency Market Maker Wintermute Lost $160M in Hack

Video

Defi

Cryptocurrency Market Maker Wintermute Lost $160M in Hack

Cryptocurrency market maker Wintermute lost $160 million in a hack relating to its decentralized finance (DeFi) operation, but the company’s lending and OTC operations have no...

By CoinDesk Staff

Sep 20, 2022 at 6:30 p.m. UTC

Sep 20, 2022