OTC Archives

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BitGo Launches Global OTC Trading Desk, CEO Says Crypto Firms Should Go Public

BitGo’s OTC trading desk launches with billions in trading volumes and a lending book of $150 million, and offers spot, derivatives, instant settlement, lending, and yield-generating products all in one place.

, by Sead Fadilpašić

Altcoin News

Sol Strategies Entered OTC Group Best Market Under the Ticker “CYFRF”

Sol Strategies Inc. has commenced trading on the OTCQX Best Market under the ticker "CYFRF," marking a milestone for Solana blockchain investment. This upgrade enhances transparency, attracts U.S. investors, and aligns with its pending Nasdaq application to expand global opportunities.

, by Hassan Shittu

DeFi News

Russia’s Central Bank Develops New Surveillance Platform to Target Illegal Crypto OTC Services: Report

The Central Bank of Russia is developing a new surveillance platform to identify and block illegal financial activities related to crypto over-the-counter services, aiming to enhance security and reduce shadow transactions involving dubious operations.

, by Hassan Shittu

Hong Kong’s OSL Adds Toncoin to OTC Trading Amid Rising Institutional Demand

The decision to make Toncoin, the native token of The Open Network (TON), accessible to Hong Kong investors came due to increasing customer demand.

, by Hassan Shittu

South Korean Duo Arrested for ‘Using Counterfeit Money to Pay in OTC Crypto Deal’

South Korean police say they have arrested two people they think used counterfeit banknotes to pay for tokens in an OTC crypto deal. According to the broadcaster KBS, the Gangnam Police Station, in the capital Seoul, arrested at least two people. Officers said that the duo used “210 million...

, by Tim Alper

Hong Kong Securities Regulator Explores New Licensing for Crypto OTC Services

Hong Kong is considering having its securities regulator oversee over-the-counter (OTC) crypto trading services, in collaboration with the Customs and Excise Department (C&ED). The South China Morning Post reported Thursday that the Securities and Futures Commission (SFC) has pursued feedback...

, by Shalini Nagarajan

South Korean Police Arrest ‘Multinational Gang of OTC Crypto Thieves’

OTC crypto crime appears to be on the rise in South Korea, where police say they have arrested a “multinational gang” who allegedly locked a woman in a car before stealing cash. MBN reported that officers from Geumcheon Police Station in Seoul arrested six people after “luring...