KuCoin Launches Over-The-Counter Platform for Corporate Customers
The Singapore cryptocurrency exchange KuCoin, in collaboration with the DigitalBits blockchain protocol, is launching a new platform for OTC trading (OTC), CoinDesk writes.
The Enterprise Currency Desk (ECD) platform is aimed at companies interested in joining the blockchain and decentralized finance (DeFi) space. It is expected that ECD will allow such companies to buy large amounts of digital currency, which they can then use to authenticate wallets, pay transaction fees or stake.
“A specialized service for obtaining tokens and liquidity will allow companies to easily interact with solutions on the blockchain without the need to attract experienced traders,” KuCoin reports.
DigitalBits will mediate the provision of tokens required by companies to solve specific problems. Thanks to this, they will not have to look for projects that suit their individual interests. For example, this way they will be able to purchase a large amount of stablecoins or get support in launching their own tokens.
“Consumers do not need to know how to access tokens through exchange accounts. We will provide direct interaction with the brand or loyalty system, ”the company said.
At the end of 2018, KuCoin raised $ 20 million in funding from IDG Capital, Matrix Partners and Neo Global Capital.
The Singapore cryptocurrency exchange KuCoin, in collaboration with the DigitalBits blockchain protocol, is launching a new platform for OTC trading (OTC), CoinDesk writes.
The Enterprise Currency Desk (ECD) platform is aimed at companies interested in joining the blockchain and decentralized finance (DeFi) space. It is expected that ECD will allow such companies to buy large amounts of digital currency, which they can then use to authenticate wallets, pay transaction fees or stake.
“A specialized service for obtaining tokens and liquidity will allow companies to easily interact with solutions on the blockchain without the need to attract experienced traders,” KuCoin reports.
DigitalBits will mediate the provision of tokens required by companies to solve specific problems. Thanks to this, they will not have to look for projects that suit their individual interests. For example, this way they will be able to purchase a large amount of stablecoins or get support in launching their own tokens.
“Consumers do not need to know how to access tokens through exchange accounts. We will provide direct interaction with the brand or loyalty system, ”the company said.
At the end of 2018, KuCoin raised $ 20 million in funding from IDG Capital, Matrix Partners and Neo Global Capital.