Etoro, social trading and multi asset brokerage company, is reportedly setting up an over-the-counter (OTC) trading desk in London for institutions wishing to trade on cryptocurrencies. The platform is connected to 15 cryptocurrency exchanges and is also said to be planning to launch one by itself. The move is explained as answering demands from hedge fund owners who expressed interest in experimenting with crypto trading.
“We are launching an OTC desk for institutions. We’ve seen more and more interest from corporates and institutions. We’ve actually set up our corporate team here in the UK to start setting up accounts to trade on eToro. We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions”, – said CEO Yoni Assia.