News: Bittrex Opens OTC Desk, Bakkt Support For Close to 200 Tokens
Bakkt, the digital asset subsidiary of Intercontinental Exchange (NYSE) which recently raised $182.5 million, has completed its first acquisition. The company announced it entered into an agreement to acquire certain valuable assets of Rosenthal Collins Group (RCG), an independent futures commission merchant.
https://twitter.com/Bakkt/status/1084852493123768320
He added, “Our mission requires significant investment in technology to establish an innovative platform, as well as financial market expertise to deliver the most trusted fintech ecosystem for digital assets.”
https://twitter.com/Bakkt/status/1084849053396021248
U.S.-based digital asset exchange Bittrex has announced that it has opened an over-the-counter (OTC) desk, which includes trading on nearly all 200 tokens available on the platform. It will offer approved customers with reduced price risk, rapid trade execution and guaranteed pricing for large trades, which are typical $250,000 or greater. The new OTC desk will also accept both cryptocurrency and USD wire transfers for deposits.
“With one of the most extensive selections of digital assets of any OTC desk available, this offering will be another way for Bittrex to further advance the adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets.”
Bakkt Acquires Futures Team
Digital Asset Vault represents the logical next step in the development of our range of services for digital assets. With our innovative strength and experience, we have thus closed the gap between existing and digital assets. By incorporating digital assets into our own banking infrastructure, we have also become the first provider to already meet the high standards required by financial intermediaries and their regulators, stated Roger Studer.
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