Bittrex Launches an OTC Desk for 200 Cryptocurrencies

Seattle based cryptocurrency exchange Bittrex launched today an over-the-counter desk for the trading of digital assets, including nearly 200 tokens on its platforms.

According to a press release, Bittrex is launching the new OTC desk to reduce customer’s price risk and to offer faster trade execution. It will facilitate direct transactions between two investors.

“It will also give customers the opportunity to buy or sell the extensive selection of digital assets supported on the Bittrex platform, including providing guaranteed pricing for large trades, which are typically $250,000 or greater,” the announcement said.

Bittrex CEO Bill Shihara affirmed that “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 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.”