Gate.io Group has introduced the launch of its over-the-counter buying and selling platform Gate OTC, which can present fully-licensed OTC crypto buying and selling providers catered to establishments and high-net-worth people
The launch of Gate OTC comes as Gate MENA DMCC, Gate.io Group’s Dubai-based firm, acquired a license from the Dubai Multi Commodities Centre (DMCC) to have interaction in proprietary buying and selling in crypto commodities. All providers adjust to United Arab Emirates rules, together with KYC, AML, and CFT regulatory requirements.
Tom Yang, EVP at Gate.io Group, mentioned, “We have seen a rise in demand for high-quality OTC providers, particularly from massive gamers getting into crypto from conventional finance. To fulfill our current and future shoppers’ ever-growing wants, we have launched a devoted and strong OTC platform with safety, comprehensivity, and comfort at its core.”
Gate OTC will facilitate giant block trades whereas retaining privateness and minimizing the influence on market value. OTC buying and selling gives a substitute for executing giant trades on the purchase/promote market order e-book. Massive order e-book trades can have heavy value impacts, lengthy execution occasions, and elevated danger. By transacting straight with the OTC platform, traders can higher keep away from such dangers, as trades are based mostly on quotes with locked-in pricing and executed independently of the order books.
The brand new platform options 24/7 one-on-one skilled advisor help and on-demand customer support. Moreover, to bolster the platform’s safety and regulatory compliance measures, Gate OTC companions with main companies comparable to Cynopsis Options and Coinfirm.