Tag: OTC

Forex Capital Markets (FXCM), a London-based global foreign exchange brokerage has joined the bitcoin bandwagon just like some of its competitors in the forex and financial services industry including Admiral Markets, ICM Capital and others, reported Finance Magnates on October 1, 2018. FXCM Bitcoin CFD According to sources close to the matter, FXCM Group has now added bitcoin contracts-for-difference (CFD) to…

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Voyager, a DLT-based digital currency broker, offering users commission-free investments, has partnered with Ethos, a cryptocurrency services provider, to integrate the latter’s universal cryptoassets wallet into its platform and make it easy for both retail and institutional cryptocurrency traders to convert fiat currency to cryptos back and forth. Users will also be able to self-custody their digital assets, reported Finance…

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Cryptocurrency trading advisory and digital assets management firm, Altonomy has officially launched its sell-side Over-the-Counter (OTC) cryptocurrency trading desk, and its blockchain-based virtual currency index fund called the Altonomy Taurus Index Fund to make it easier for institutional investors to own cryptocurrencies, according to a Finance Magnates report on September 18, 2018. Introducing Cryptos to Institutional Investors Per sources close…

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According to a Beijing News report on August 24, 2018, regulators have pledged to start scrutinizing and restricting all virtual currency-related payments on the Alipay mobile app. Even with the blanket ban on cryptocurrency trading and initial coin offerings (ICOs), Chinese investors still engage in over-the-counter bitcoin trading facilitated by payments apps such as Alipay and others. Alipay Ban Cryptocurrency…

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Millionaire investors in China are still utilizing significant cryptocurrencies like bitcoin and ether to purchase properties overseas, despite the crackdown on digital asset trading by the Chinese authorities. Bitcoin as a Preferred Method of Payment Chinese investors have reportedly injected hundreds of millions of dollars in the real estate industry of Hong Kong, to avoid the government’s scheduled investigation into…

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