Cryptocurrency alternate Coindirect launches an over-the-counter (OTC) brokerage in South Africa.
As business information outlet CoinInsider reported on Sept. 27, the platform creates an enormous liquidity pool by integrating with international platforms, permits for Bitcoin (BTC) worth locks after a affirmation and for fast processing with no charges or slippage.
Aimed at excessive quantity customers
The service lets excessive quantity customers to keep away from prolonged transactions that may reportedly take over 12 hours. The alternate’s COO Nic Haralambous added:
“During our first two years in the industry we have paid close attention to which users are driving the volume of crypto trading. Our approach is to bring cryptocurrency to as many users as possible, however, the data shows that a majority of the daily trading volume in South Africa right now comes from a very small percentage of traders.”
According to the report, the alternate additionally not too long ago added different main options to the platform resembling bank card funds, on the spot withdrawals and better transaction limits.
As Cointelegraph not too long ago reported, cryptocurrency big Binance plans to roll out its OTC buying and selling platform for Chinese yuan — solely focusing on the Chinese market — in October.
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