2018-6-18 03:21 |
New Crypto Trading Desk for Hedge Funds
Etoro, which recently announced that it is expanding into the US with ten cryptocurrencies, is reportedly setting up an over-the-counter (OTC) trading desk in London for institutions wishing to trade on cryptocurrencies.
The move is explained as answering demands from hedge fund owners who expressed interest in experimenting with crypto trading.
“We are launching an OTC desk for institutions.
We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”
The Growing Institutional OTC Crypto Market
Institutional OTC desks help big players whose massive transactions might move the markets if they were done in the open.
In the UK, Barclays was reported as supposedly considering launching a crypto trading desk back in April.
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