Bithumb, the South Korean cryptocurrency exchange, will open a new global OTC tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details department for cryptocurrency assets in Hong Kong, as reported by CoinDesk.
On February 7th, the Bithumb crypto-exchanger announced the news about the opening of a new Ortus branch in Hong Kong. According to the information on the site, Ortus is a blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details division for partner deals with institutional clients. The Ortus concept is over-the-counter transactions where the two parties trade directly with each other, in contrast to the standard exchange orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details, where orders work on the principle of coincidence between buyers and sellers.
Interesting in the section: "Hyip" in the world of cryptocurrencies
Bithumb new branch – Ortus
Ortus, the new Hong Kong branch will be a good alternative for institutional investors. The new blockchain branch will work to find potential partners for crypto-transactions. The main difference of Ortus will be the direct cooperation between the two parties to the transactionTransaction
– is a financial term that means a logically meaningful operation that can only be carried out completely. Details, regardless of the principle of "coincidence of orders" (how the exchanges work).
"Ortus will work to allow institutions to buy and sell digital assets through a network of global 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 providers and benefit from the competitive and profitable "fulfillment" service (...) Ortus will help to establish communication between the seller and the buyer, which is impossible on conventional cryptocurrency exchanges" – Rahul Khanna, director of Bithumb
According to information on the Bithumb website, soon, Ortus offices will be in the UK, Japan, Australia and Argentina. Now, the project opens a central office in Hong Kong.
Interesting in the section: Populous and new features
Representatives of the new project reported that Ortus will have a high level of security. Therefore, all clients must go through “strict” registration. During the registration process, it will be necessary to indicate not only "standard" data, but also KYC, AML. According to a report in CoinDesk, Ortus will offer such functions: insured storage of crypto-assets, and conversion from bank accounts (currently only in the USA).
Bithumb crypto-exchange has announced a new Ortus project for institutional clients (OTC). Although the message of the exchanger did not indicate which digital assets would be offered for over-the-counter trading.
Editor: Alyona Nabok