P2P-Exchange Hodl Hodl in partnership with licensed European broker Tenbagger announced the launch of a platform for over-the-counter Bitcoin trading. The main feature of the new site is the ability to conduct operations with large volumes through non-custodial escrow addresses with multi-signature.
Hodl Hodl announces OTC trading desk and brokerage company – @TenbaggerC https://t.co/UzruwtVWMA pic.twitter.com/d7sd730YNY
– Hodl Hodl (@hodlhodl) 2 November 2018
OTC-platform Hodl Hold will work regardless of the existing p2p platform for buying and selling BTC and LTC.
The exchange says that its functions are reduced to the parties' matching and support of transactions, which will be settled on the same day.
Also, representatives of the platform say that although the over-the-counter Bitcoin trading market is quite active, none of the existing services offer non-castodial escrow addresses with multi-signatures designed to eliminate the risk of loss of funds.
In the case of a new site, each new transaction will be assigned a unique address of this type.
Recall that in October, Hodl Hodl launched the multi-cig contracts “2 of 3”. Thanks to the new option, platform users were able to trade using an escrow using only two keys out of three.
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