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Australian crypto exchange CoinSpot launches large volume OTC desk


www.cryptoninjas.net 18 January 2019 03:40, UTC
Reading time: ~1 m

Australian cryptocurrency exchange CoinSpot announced today the launch of their specialized Over-The-Counter (OTC) trading desk, that allows members to perform high-volume transactions without the need of traditional public order books.

Through this uniquely personalized service, CoinSpot aims to solve problems of liquidity and slippage for traders who deal in larger quantities. The OTC service will be the recommended option for transactions valued $50,000 (AUD) or more.

CoinSpot’s OTC trading desk helps provide an additional layer of confidence when trading so that parties involved limit their exposure to market fluctuations.

Terms and eligibility:

  • Each trade must be greater than or equal to $50,000 AUD in value.
  • OTC trades will incur a 0.1% fee.
  • Buying or selling high volumes of Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, Tether USD and more is now offered.

Founded in 2013, CoinSpot is one of Australia’s leading exchanges with the largest selection of blockchain assets of any Australian Exchange.

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