Blockchain

The Daily: Blockchain.com Launches OTC Trading Desk, Shapeshift Relaunches Coincap

from Bitcoin Com 5 years ago 0 0 1160

Wallet provider Blockchain.com has created an OTC trading desk as part of its efforts to cater to institutional investors. Also in The Daily this Sunday, Shapeshift launches the redesigned Coincap tracker, Kraken lists Cardano and Qtum, and Compound offers its users the option to short cryptocurrencies.

Also read: Fiat vs Crypto Laundering, Bitcoin Anniversary Cash-Ins

Blockchain.com Launches OTC Trading Desk for Institutional Investors

Former DRW fixed-income trader, Vince Machi, is running the new OTC desk, according to a source familiar with the development, quoted by The Block. The news comes after earlier reports that Jamie Selway, the former head of electronic brokerage and execution services at Investment Technology Group (ITG), has taken responsibility for Blockchain’s institutional efforts.

A number of companies in the space already provide OTC services, including DRW and DV Trading as well as established cryptocurrency exchanges such as Kraken and Itbit. Blockchain.com claims to have 28 million downloads of its wallet offered as part of its retail business.

Shapeshift Announces the New Coincap Tracker

Some of the new features that come with the update include real-time price and market changes, exchange pair and volume listings, trading view with granular candle charts, timestamped status updates, and a new API with more endpoints such as rates, exchanges, markets, and candles. The Coincap.io website now features mobile-friendly design, dark mode and is free of ads. Redesigned mobile apps for Android and iOS users are expected to be released by the end of the year.

Commenting on the relaunch, Shapeshift’s founder and CEO Erik Voorhees noted: “Coincap’s new web and API service, built entirely from the ground up, is another way we are committed to creating the best experience for our users. This is the next step in a product delivering reliable and transparent crypto market data,” he said.