CryptoCom has launched an over-the-counter (OTC) platform to allow institutional and VIP clients to execute large deals fast
CryptoCom, a well-known cryptocurrency exchange and payments provider, has launched an over-the-counter (OTC) solution for its institutional and VIP clients.
Simultaneously, the company’s native token follows in the footsteps of its famous performers, marking a new all-time high.
CryptoCom has launched an over-the-counter (OTC) trading platform
The exchange announced in a Monday news release shared with CryptoPotato that the new OTC gateway will allow a select few users to receive immediate quotes for major OTC trades, which are generally done manually.
The technology accomplishes this by allowing institutional investors and a select group of high-volume retail traders to buy or sell trading pairs at a pre-determined price via a backend quoting engine that can provide a quote in seconds.
This OTC site, according to the exchange, will allow select users to take advantage of market conditions and quickly execute significant trades.
“We are excited to debut our OTC solution for institutional and VIP clients, allowing them to simply execute block trades and exploit market opportunities more effectively,” said Kris Marszalek, co-founder, and CEO of CryptoCom.
According to the press release, the new service is now only available to a small group of institutional and retail VIPs. However, according to the exchange, all institutional and VIP clients will have access to the solution soon.
CryptoCom was established in 2016, and the domain name was reportedly purchased for $12 million in 2018. Since then, the Singapore-based crypto firm has carved out a niche for itself in the fast-expanding digital asset market.
The organization is now ranked among the world’s top ten crypto spot exchanges. With its very intuitive crypto app, it serves more than 10 million users all over the world.
The CryptoCom Visa Card, one of the world’s major crypto card schemes, is available on the platform. It also has platforms that feature some of the most popular market trends, such as a CryptoCom DeFi wallet and a CryptoCom NFT platform.
CRO Achieves a New High Score
Meanwhile, CryptoCom’s native token CRO has been gaining traction as the company continues to roll out new features and grow its global marketing campaigns and collaborations.
CRO surged more than 50% in value after winning the naming rights to Staples Center in a $700 million agreement, reaching a new all-time high of $0.79.
The coin is now trading at $0.7 and is the 13th most valuable cryptocurrency by market capitalization.