BitGo Makes Its Mark on the Global OTC Scene

This decision stems from a burgeoning interest in digital assets, lively discussions around a national bitcoin reserve in the U.S., and a significant uptick in institutional investments that Bernstein analysts believe could fuel bitcoin’s rise. Furthermore, Finery Markets reports that OTC cryptocurrency trading has soared by 104% over the last year.

With its new platform, the company now invites major investors to engage in spot trading, options, and margin lending. Previously, its OTC services were exclusively available to an elite circle of clients handling transactions worth billions and managing credit portfolios exceeding $100 million.

Having seen many market cycles and understanding what works and what doesn’t, we’ve been quietly building a proper institutional crypto trading desk and now we’re confident we offer what other brokers can't,

stated Matt Ballensweig, Head of Trading.

BitGo is set to execute its transactions via its proprietary custodial trading network, sidestepping the need for outside providers. As the company asserts, its OTC division accesses profound liquidity across a range of platforms—including decentralized venues—and facilitates trades in over 250 cryptocurrency spot pairs and derivatives.

With a long history of safeguarding institutional assets with up to $250 million in insurance, the advent of OTC trading marks a natural evolution for BitGo. Ballensweig believes this initiative not only aligns with the company’s overarching vision but will also serve to channel new capital into the burgeoning crypto market.

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