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Coinbase launches OTC trading desk for institutional customers

Coinbase has debuted OTC trading for its Prime customers, Cheddar reported on November 27.

“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading,” – said Christine Sandler, head of sales at Coinbase. – “We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business.”

Sandler said the company plans to expand the service offering to include delayed settlement and will potentially integrate it with Coinbase Custody, its platform for hedge funds, exchanges and ICO teams that launched this past July.