Crypto custody firm Bitgo has announced the launch of a global over-the-counter Crypto Trading Desk, which will feature spots and derivative trading among other products.
The OTC Trading Desk of Bitgo will provide an environment where institutional investors can trade spots and options, as well as reaching loans, producing yield creation and custody services. The firm will provide over 250 assets.
US -based crypto detention provider revealed in one blog post The OTC Desk was launched from the beginning of 2024 after working in secret mode. During this period, the platform recorded billions and a lending book in the trading volume, which was more than $ 150 million.
As institutional demand increases, Bitgo planned to introduce its OTC desk services and products to customers worldwide. The desk will be available to customers in all major time areas.
Matt Balancewig, a pre -origin and Bridgewater Executive, and Stephen von Henis, in the first OSL Group, leads the desk, the company said.
“After seeing many market cycles and understanding what works and what not, we are quietly building a proper institutional crypto trading desk and now we believe trading, noted.
Bitgo’s OTC Trading Desk launched amidst the report that the company was monitoring an initial public offer.
The company, established in 2013, has expanded its digital asset detention service for more than 2,000 institutional customers. Its services are available in 90 countries. In December 2024, the company unveiled a new retail-centered platform.
