DACX launches institutional OTC desk for bitcoin (BTC) and ether (ETH)

Digital Asset & Commodity Exchange (DACX), a London-based digital asset platform, today announced the launch of its Over-the-Counter (OTC) trading desk.

The OTC desk operates as a private and personalized service catering to institutional, corporate and high net-worth individuals needing deeper liquidity to fill large orders off the open market exchanges.

Institutions will undergo a strict onboarding process; whereby sufficient KYC and AML documentation must be supplied by the applicants.

Overview

Upon opening, the OTC trading desk will provide 1-on-1 service on a 24×5 basis, from Sunday 20:01 UTC until Friday 23:00 UTC.

Partners

“We are proud to announce that DACX has launched an OTC desk, this will cater for the institutional demand towards digital assets. As a technology driven company we aim to provide the best price execution and experience for our clientele in a highly secure, compliant and streamlined environment. Partnering with AiX was a natural choice with their disruptive NLP negotiation and matching engine, along with utilizing Zero Hash for their flexible settlements infrastructure to mitigate counterparty risks.”
Zeeshan Chaudhry, Founder, CEO of DACX

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