Hold onto your digital wallets, folks! Crypto custody firm BitGo just dropped a bombshell: they’re launching a global over-the-counter (OTC) crypto trading desk! 🎉 And guess what? It’s not just for the average Joe; it’s for those fancy institutional investors who think “spot trading” is a fun day at the beach. 🏖️
This shiny new desk will be the playground for institutional investors to trade spot and options, while also dabbling in lending, yield generation, and custody services. Because who doesn’t want to juggle over 250 assets like a circus performer? 🎪
In a blog post that probably had more suspense than a season finale of a reality show, BitGo revealed that their OTC desk has been operating in stealth mode since early 2024. During this top-secret mission, they racked up billions in trading volume and a lending book that’s bigger than your average college student’s debt—over $150 million! 💸
With institutional demand skyrocketing like a cat meme going viral, BitGo is ready to roll out its OTC desk services to clients around the globe. Yes, you heard it right! They’re available in all major time zones, so you can trade crypto at 3 AM if that’s your jam. 🌍
Leading this crypto crusade are Matt Ballensweig, a former bigwig at Genesis and Bridgewater, and Stefan Von Haenisch, who previously graced the halls of OSL Group. Talk about a power duo! 💪
“Having seen many market cycles and understanding what works and what doesn’t, we’ve been quietly building a proper institutional crypto trading desk and now we’re confident we offer what other brokers can’t,” said Ballensweig, managing director and head of trading. Sounds like someone’s been taking notes! 📚
And just when you thought it couldn’t get any juicier, the launch of BitGo’s OTC trading desk comes amid whispers that the company is eyeing an initial public offering. So, keep your eyes peeled, because this crypto rollercoaster is just getting started! 🎢
Founded in 2013, BitGo has expanded its digital asset custody service to over 2,000 institutional clients. That’s right, they’re not just playing in the kiddie pool; they’re making waves in 90 countries! 🌊 And in December 2024, they even unveiled a new retail-focused platform. Because why not? Everyone deserves a piece of the crypto pie! 🥧
Read More
- We’re Terrible At Organizing Things.’ Tom Holland Reveals The Sweet Holiday Scheme He And Zendaya Are Going To Try Next Year
- Path of Exile 2: How To Find & Unlock the Realmgate
- NewsNation Taps Leland Vittert to Replace Dan Abrams
- Million-Dollar Crypto Scandal: Abra Pays Up in SEC Settlement
- Girls Frontline 2 Exilium tier list
- Chanel Showcases Apichatpong Weerasethakul’s Immersive Exploration of Memory and Light
- Joel McHale Joined Scream 7 And His Role Destroys A Popular Fan Theory
- Yarrow Slaps’ Distorted Celebrity Portraits Take Center Stage in New Video Game-Inspired Show
- Ilana Glazer, Clark Gregg Join Broadway Cast of George Clooney’s ‘Good Night and Good Luck’
- Major League Soccer Will Move Studio Shows to WWE Headquarters in Expanded Deal with IMG
2025-02-18 22:51