Important news from Binance came this week. Their their venture company Binance Labs has invested in the American OTC platform Koi TradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details, CCN reports.
Koi Trading is an OTC trading platform with headquarters in San Francisco, California. The idea of the platform is aimed at joining the global part of cryptocurrency liquidityLiquidity
– is a term that means the ability to sell any financial assets (below or above the market price). The term “liquidity” in Latin means “liquid”, “flowing”.Details. Koi also offers help in the field of computing science.
Commenting on the company's decision to invest in Koi, the head of Binance Labs, Ella Zhang, said: "The Koi Trading mission is to combine fiat and cryptocurrencies and combine this idea with the vision of Binance, which seeks to create an infrastructure that allows to exchange values freely and universally."
Koi has an experienced team of founders, including CEO and founder Hao Chen, adding: "Our team of experienced traders and developers will join forces to seize the opportunities of North America, Asia and the EU by overcoming the gap that divides the current OTC territory".
Collaboration with Koi Trading Binance Lab will help eliminate OTC trading problems around the world, providing customers with the best possible solution.
"Thanks to the strong AML Koi program, the great banking relations in the US, Binance Labs investments, and strong trust among agents in China, we strive to reduce information asymmetry, gain trust and improve the speed of closing OTC transactions," Chen said.
The OTC market is rapidly developing outside of China. Earlier this year, the CCN reported that the Circle OTC crypto trading desk had entered into an agreement worth more than $ 100 million.
Editor: Yulia Krasnaya