After receiving regulatory clearance in Switzerland, the market maker announced plans to expand its fiat on/off-ramp services through its
over-the-counter trading desk. This expansion will include fiat currencies like GBP and more than 10 other currencies, in addition to the existing USD and EUR pairs. "We are steadfast in our commitment to offering a specialized OTC solution enriched with a variety of currency options, reflecting our essential belief in flow diversity," Kevin de Patoul added.
OTC trading allows for a more customized approach to swapping assets, as it involves direct interaction between the parties. This service is commonly used for executing larger trades that may not be feasible on traditional exchanges due to liquidity constraints. OTC trading can reduce counterparty risk if transactions take place between two KYC-compliant entities.
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