BlockFi Launches OTC Trading Desk for Institutional, and High-Net-Worth Investors

BlockFi announced the launch of their over-the-counter (OTC) trading desk, which is available to institutional and ultra-high net worth cryptocurrency investors, Wednesday. The service will operate with desks in the U.S. and Asia and will support spot trading in cryptocurrencies including […]

by Casey Wagner /

January 21, 2021 09:59 am

key takeaways

The desk will operate in the U.S. and Asia and support spot trading of digital assets including Bitcoin, Ethereum and Litecoin

BlockFi announced the launch of their over-the-counter (OTC) trading desk, which is available to institutional and ultra-high net worth cryptocurrency investors, Wednesday.

The service will operate with desks in the U.S. and Asia and will support spot trading in cryptocurrencies including Bitcoin, Ethereum and Litecoin.

“With institutional interest in digital assets growing rapidly, we’re proud to offer a specialized product to meet their needs and help them participate in an exciting and growing asset class,” said Zac Prince, co-founder and CEO of BlockFi, in a recent press release.

The announcement comes amid a slew of recent moves by Wall Street investors into crypto. Hedge fund manager Paul Tudor Jones said he would be buying Bitcoin as a hedge against inflation last May. BlackRock, the world’s largest asset manager, announced yesterday that they may soon be offering crypto futures contracts.

Cryptocurrency funds have swelled in recent months with $359 million in inflows last week alone, showing investor interest in digital assets is at an all-time high.

Tags

headline

Newsletter

Blockworks Daily

Upcoming Events

Permissionless III Hackathon

Salt Lake City, UT

MON - TUES, OCT. 7 - 8, 2024

Blockworks and Bankless in collaboration with buidlbox are excited to announce the second installment of the Permissionless Hackathon – taking place October 7-8 in Salt Lake City, Utah. We’ve partnered with buidlbox to bring together the brightest minds in crypto for […]

learn more

Permissionless III

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Permissionless is a conference for founders, application developers, and users. Come meet the next generation of people building and using crypto.

learn more

recent research

Research

Why Solana Mobile Should 100x Their Phone Production

Solana Mobile is a highly ambitious foray into the mobile consumer hardware market, seeking to open up a crypto-native distribution channel for mobile-first applications. The market for Solana Mobile devices has demonstrated a phenomenon whereby external market actors (e.g. Solana-native projects) continuously underwrite subsidies to Mobile consumers. The value of these subsidies, coming in the form of airdrops, trial programs, and exclusive NFT mints, have consistently covered the cost of the phone and generated positive returns for consumers. Given this trend in subsidies, the unit economics in the market for Mobile devices, and the initial growth rate and trajectory of sales, it should be expected that Solana mobile can clear 1M to 10M units over the coming years. As more devices circulate amongst users, Solana Mobile presents a promising venue for the emergence of killer-applications uniquely enabled by this mobile-first, crypto-native distribution channel.

by Luke Leasure