The American cryptocurrency company Coinbase has confirmed the information that appeared earlier in the network that it will open an over-the-counter (OTC) trading platform for institutional clients in response to requests from the latter. This was reported by the director of institutional sales Coinbase Christine Sandler in a conversation with the portal Cheddar.
According to Sandler, the OTC platform will be an addition to the company's main exchange, which may seem particularly convenient to those who want to use it to enter the world of cryptocurrency trading .
“We thought that it would be a great advantage for our customers to be able to exchange and participate in OTC-auctions. We work only with organizations and plan to expand our offer, including deferred calculations and, possibly, a custodial solution , ”she explained.
Sandler also mentioned other companies that provide a similar service, including Circle and Genesis, noting that at the moment there are plenty of opportunities to open such a business, and Coinbase in this case only responds to the needs of its customers.
In addition, she spoke about the custodian division of her company, noting that their services are used by individuals who are engaged in the management of assets of outside investors and help attract potential partners.
“We found that many institutional clients have the capacity to attract outside partner investors. Therefore, these asset managers, in essence, represent our potential partners , ”she said.
Commenting on the unfavorable situation on the market, Sandler said that their “cryptocurrency-oriented clients” demonstrate resilience and continue to believe in the future of technology.
“All this volatility has one slight advantage. It lies in the fact that in recent weeks, popular financial publications have been writing about cryptocurrencies . I think this forces many institutions to consider investing in this class of assets at the current stage, ” Sandler suggested.
