BlockFi launches crypto OTC desk for Asian and American traders

​BlockFi, a secured non-bank lender that offers crypto-asset-backed USD loans to crypto-asset owners, announced that it has launched its Over-The-Counter (OTC) trading desk for institutions and ultra-high net worth clients.

BlockFi will offer its trading services to clients in the US and Asia with 24/7 support through its OTC desk. BlockFi will act as an execution partner and will offer spot trading, credit capabilities and margin trading products. The desk will support three main cryptocurrencies: Bitcoin, Ether and Litecoin.

Co-Founder and CEO of BlockFi, Zac Prince said:“Existing institutional clients are already using many of these BlockFi services independently, and have noted the benefits of having a one-stop destination for their digital asset trading and financing needs.”

Head of Institutional Distribution at BlockFi, David Olsson added:“Sophisticated investors are accustomed to full-service OTC capabilities and responsiveness, which are critical to success in a global, round-the-clock market such as digital assets.”