US cryptocurrency exchange Bittrex is launching an over-the-counter (OTC) trading desk today, CoinDesk reports. Almost 200 cryptocurrencies already available on Bittrex will be supported by OTC. What's more, there will be a "guaranteed pricing" option for "major trades." Bittrex joins other crypto exchanges that run over-the-counter trading operations, including Coinbase and Kraken.
“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,” said Bittrex CEO Bill Shihara in a statement.
The OTC trading desk is set to go live at 18:00 UTC on Monday.