Coincheck Exchange launched the OTC trading for the institutional investors

Cryptocurrency exchange of Japan Coincheck launched the Over The Counter (OTC) trading services for the institutional investors reported from their blog-post on 1 April 2019.

The Coincheck exchange is providing the OTC trading at very large scale which can help customers to buy cryptocurrencies like Bitcoin directly through OTC desk in very large amounts.

The OTC trading services will be available only at weekdays between 10:00-15:00 (JST).

Currently, OTC trading desk available on the Coincheck web but the Coincheck app and API users are unable to access OTC services.

Now only Bitcoin OTC trading is allowed on their platform but in future, there may be some other cryptocurrency will also available on their OTC desk reported from their blog.

Only higher volume buy-sell allowed in the OTC desk with a minimum limit of 50 BTC which is approx $200,000 at the current price.

In February, the Biggest Cryptocurrency exchange of South Korea Bithumb launched the OTC trading for crypto assets.

Also Read : Huobi Adds Ripple (XRP) on OTC Trading Platform