BlockFi Launches Crypto OTC Desk for Asian and American Traders
- The platform will execute large trades with three top digital currencies.

BlockFi, a US-based crypto lending platform, announced on late Wednesday the launch of an over-the-counter (OTC) trading desk that will serve institutions and ultra-high-net-worth clients.
The trading services on the OTC desk will be available around the clock and will primarily target traders in the United States and Asia, two of the most active regions with crypto.
The desk will act as an execution partner and will offer spot trading, credit capabilities and margin trading products. It will support trading with only three major Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term: Bitcoin, Ether and Litecoin.
Commenting on the new service, BlockFi Co-founder and CEO, Zac Prince, said: “Existing institutional clients are already using many of these BlockFi services independently, and have noted the benefits of having a one-stop destination for their digital asset trading and financing needs.”
Indeed, the demand for executing large crypto trades increased with the recently growing institutional demand. Microstrategy, a business intelligence firm, made headlines after buying hundreds of billions of Bitcoins followed by many established companies, including MassMutual, one of the leading American mutual life insurance companies.
“With institutional interest in digital assets growing rapidly, we’re proud to offer a specialized product to meet their needs and help them participate in an exciting and growing asset class,” Prince added.
Making of a Crypto Conglomerate?
BlockFi launched its service in March 2019, offering loans to those interested in borrowing crypto, starting from $2,000, and up to as much as $100 million, against Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum and stablecoins.
Additionally, it offers crypto interest-bearing accounts, offering interests in the crypto deposits of its clients and retail trading services as well. The company is now planning to expand its retail services in many European countries.
“Sophisticated investors are accustomed to full-service OTC capabilities and responsiveness, which are critical to success in a global, round-the-clock market such as digital assets,” David Olsson, BlockFi’s Head of institutional distribution, said.
BlockFi, a US-based crypto lending platform, announced on late Wednesday the launch of an over-the-counter (OTC) trading desk that will serve institutions and ultra-high-net-worth clients.
The trading services on the OTC desk will be available around the clock and will primarily target traders in the United States and Asia, two of the most active regions with crypto.
The desk will act as an execution partner and will offer spot trading, credit capabilities and margin trading products. It will support trading with only three major Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term: Bitcoin, Ether and Litecoin.
Commenting on the new service, BlockFi Co-founder and CEO, Zac Prince, said: “Existing institutional clients are already using many of these BlockFi services independently, and have noted the benefits of having a one-stop destination for their digital asset trading and financing needs.”
Indeed, the demand for executing large crypto trades increased with the recently growing institutional demand. Microstrategy, a business intelligence firm, made headlines after buying hundreds of billions of Bitcoins followed by many established companies, including MassMutual, one of the leading American mutual life insurance companies.
“With institutional interest in digital assets growing rapidly, we’re proud to offer a specialized product to meet their needs and help them participate in an exciting and growing asset class,” Prince added.
Making of a Crypto Conglomerate?
BlockFi launched its service in March 2019, offering loans to those interested in borrowing crypto, starting from $2,000, and up to as much as $100 million, against Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, Ethereum and stablecoins.
Additionally, it offers crypto interest-bearing accounts, offering interests in the crypto deposits of its clients and retail trading services as well. The company is now planning to expand its retail services in many European countries.
“Sophisticated investors are accustomed to full-service OTC capabilities and responsiveness, which are critical to success in a global, round-the-clock market such as digital assets,” David Olsson, BlockFi’s Head of institutional distribution, said.