CoinDCX launches its OTC Desk facility

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After witnessing remarkable growth in its active user base, CoinDCX has now launched its OTC Desk facility aimed at institutional clients wanting to trade in crypto assets. This facility supplements CoinDCX’s existing trading platforms, CoinDCX and CoinDCX Pro, and should provide a great fillip to its efforts of expanding the number of users and overall trading volume. Through the OTC Desk facility, institutional clients will be able to execute bulk orders for crypto assets like Bitcoin (BTC) and other popular cryptocurrencies seamlessly. Additionally, the facility offers these clients to purchase or sell their holdings at a particular price without worrying about price volatility caused by market fluctuations.

Giving an insight into the newly launched services, Sumit Gupta Co-Founder at CoinDCX, stated, “The average ticket size for such services start at above INR 30 Lakh plus investments. With this our target audience lies with an entity/person who trades in and out of crypto for large quantities. This segment is more concerned about price certainty and wants to minimize slippages.”

As the crypto assets slowly make inroads into the mainstream, CoinDCX has seen a rise in interest among users who are now investing more and more interest in investing into crypto. The phenomenon is also being witnessed across entities and some people are trying to look at crypto as an alternative investment to their portfolios by investing a sizable amount. “Corporations wanting to allocate some amount of balance to crypto assets. Newly funded startups and their founders too are showing interest in broadening their portfolio by allocating some serious amount into this asset class. Among others we have also seen, Small proprietary firms or individuals to make money trading across exchanges utilising price differential to make arbitrage profits” adds Sumit Gupta.

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With such OTC facilities being used for risk management when executing large trades, CoinDCX’s OTC Desk should appeal to investors indulging in large trades backed by CoinDCX’s reputation for utmost safety, security and compliance amongst the various crypto exchanges operating in the country. With the dual benefit of ample liquidity and ability to place limit orders for large trading volumes, CoinDCX is poised to make inroads into this relatively untapped market and further expand its trading footprint.