The service will make it possible to conduct direct trades between institutional investors
On February 7, 2019, cryptocurrency exchange Bithumb located in Hong Kong informed in the official press release that it had officially launched an over-the-counter trading desk under the Ortus brand.
Bithumb Global Limited is the largerst digital currency exchange in South Korea. It owns the rights to the Ortus brand that provides services for institutional investors. After finishing inspections on Know-Your-Customer procedure and anti-money laundering, institutional investors will get chance to use Ortus services, including monitored funds transfers and access to an over-the-counter trading desk.
Over-the-counter trading is a useful service for institutional investors that want to perform large-volume trades. The option makes it possible to conduct direct trades between institutional investors as opposed to trading via a cryptocurrency exchange itself.
CoinMarketCap places Bithumb on the first place by reported volume, with around 1 billion USD in trading volume per day, however, the exchange occupies a significantly lower place by adjusted volumes, which exclude markets with no fees and transaction mining.
Author: Helen Darkhouse