Gate.io launches OTC Block Trading in Dubai

Gate.io Group, which has an ecosystem that includes public blockchain and cryptocurrency exchanges, has launched an over-the-counter trading platform, Gate OTC, Coin Journal has learned. press release.

We provide fully licensed OTC crypto trading services to high net worth individuals and institutions around the world and support many major cryptocurrencies.

Gate MENA Licensed in Dubai

The OTC trading service follows Gate MENA’s acquisition of a license from the Dubai Multi-Commodity Center (DMCC) to participate in proprietary crypto trading.

All services meet UAE requirements, including regulations regarding AML, KYC, and CFT.

Gate.io Group EVP Tom Yang commented:

There is a growing demand for reliable OTC services, especially from large traders entering cryptocurrencies from traditional financial markets. We have introduced a purpose-built and robust OTC platform with security, comprehensiveness and convenience at its core to meet the growing requirements of our existing and future clients.

Facilitating large-scale block trading

OTC trading services minimize market price impact, maintain privacy, and facilitate large-scale block trading at the same time.

OTC trading is an alternative to large trades on buy and sell market order books, which are riskier, have longer execution times, and have more severe price impact.

Avoid risk

Investors can avoid these risks by trading directly with the OTC platform. This is because trades are executed independently of the order book and are based on fixed price quotes.

The new platform features on-demand customer service and 24/7 1:1 expert advisor support. The company partners with Coinfirm, Cynopsis Solutions, and other market leaders to improve security and regulatory compliance measures.