- Ethereum and Ripple join Bitcoin on the newly-launched OTC trading desk.
- OTC trading desks have become a new trend with exchanges around the world.
The Japan-based Coincheck is reported to have added support for both Ethereum and Ripple on its over-the-counter (OTC) trading desk. According to a report by Cointelegraph on April 15, Coincheck commenced the operations of the crypto trading desk in the previous month with Bitcoin (BTC) support.
OTC trading services are tailored for investors who buy large volumes of digital assets. The platform allows traders to save on time and feels while having access to faster customer support services. OTC trading desks have become a new trend with exchanges around the world.
In addition to Ethereum and Ripple, Coincheck said in a blog post that it will beading more altcoins. However, the blog post did not give details of the coins being considered for support.
The exchange is getting back on track following the takeover by Monex Group in April 2018. After addressing the issues surrounding the hack attack that led to the loss of more than half a billion dollars in NEM cryptocurrency, the exchange acquired a license from the Japan Financial Services Agency (FSA) in December 2018.