Australian crypto exchange CoinJar opens new institutional OTC service

CoinJar, an Australian-headquartered bitcoin and crypto-asset exchange company, today announced the launch of a new over-the-counter (OTC) trading and institutional solutions service.

The new service offers competitive rates and liquidity of digital assets including Bitcoin, Ethereum, Ripple, and Litecoin, for those executing trades of more than A$50,000 away from open marketplaces.

“We have had many unprompted queries from fund managers, financial service firms and market makers about opening up a trading account or requiring OTC services so that they can make large trades of digital assets. Institutional investors often opt for discreet 1-on-1 trading to supplement their market trading, because of the greater flexibility – including rates offered, solutions offered and settlement periods. Most of the time, it’s a matter of liquidity and balancing their exposures. We have had a few high-net-worth individuals also simply seeking to add cryptocurrencies to their portfolio.”
– CoinJar Head of Institutional, Jordan Michaelides

CoinJar’s OTC service is available to individuals and institutions looking to make trades above A$50,000. CoinJar also offers an institutional layer on the CoinJar Exchange, including access to their API.

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