Gate.io Group has announced the launch of its over-the-counter trading platform Gate OTC, which will provide fully-licensed OTC crypto trading services catered to institutions and high-net-worth individuals
The launch of Gate OTC comes as Gate MENA DMCC, Gate.io Group’s Dubai-based company, acquired a license from the Dubai Multi Commodities Centre (DMCC) to engage in proprietary trading in crypto commodities. All services comply with United Arab Emirates regulations, including KYC, AML, and CFT regulatory standards.
Tom Yang, EVP at Gate.io Group, said, “We’ve seen an increase in demand for high-quality OTC services, especially from big players entering crypto from traditional finance. To meet our existing and future clients’ ever-growing needs, we’ve launched a dedicated and robust OTC platform with security, comprehensivity, and convenience at its core.”
Gate OTC will facilitate large block trades while retaining privacy and minimizing the impact on market price. OTC trading offers an alternative to executing large trades on the buy/sell market order book. Large order book trades can have heavy price impacts, long execution times, and increased risk. By transacting directly with the OTC platform, investors can better avoid such risks, as trades are based on quotes with locked-in pricing and executed independently of the order books.
The new platform features 24/7 one-on-one professional advisor support and on-demand customer service. Additionally, to bolster the platform’s security and regulatory compliance measures, Gate OTC partners with leading firms such as Cynopsis Solutions and Coinfirm.