“Vaneck continues to support market structure developments in the digital asset space. MVIS’ work with our core OTC partners, Cumberland, Circle Trade and Genesis Trading, is a major step forward towards greater transparency and price discovery in the institutional Bitcoin market,” said Gabor Gurbacs, director of digital asset strategies at Vaneck/MVIS. “The index may pave the way for institutionally oriented products, such as ETFs, as well as provide further tools to institutional investors to execute institutional size trades at transparent prices on the OTC markets.”
“As is often true with product launches, there are new processes, risks and mitigants to test and retest, and in the case of crypto, a new asset class to which these resources are being applied. So it makes sense to adjust our timeline as we work with the industry toward launch,” stated Bakkt CEO Kelly Loeffler.
Loeffler also revealed that Bakkt now has insurance for bitcoin in cold storage. It is now in the process of securing insurance for the warm wallet within the Bakkt Warehouse architecture, she added.
The investigation follows a report by University of Texas Professor John Griffin and co-author Amin Shams that links Tether to the 2017 bull market.
Koi Trading said it looks for underserved clientele in China and the U.S., even in today’s market. The company explained that OTC trading in China boasts a daily volume of at least 150 million yuan ($21.6 million). However, without trusted escrow agents most trades are arranged via messaging apps, so it is difficult to secure professional service providers.
“With Koi’s robust AML program, extensive banking relations in the U.S., investment from Binance Labs, and strong trust amongst counterparties in Greater China, we aim to be the market nexus that reduces trust and information asymmetry and improves cryptocurrency OTC deal close rate,” said Hao Chen, founder and CEO of Koi Trading.
“Kobe Bryant is a basketball genius. I have been a huge fan of Kobe and deeply inspired by his journey,” Tron founder Justin Sun commented. “It’s my great honor to have Kobe as our special guest for the Nitron Summit. It’s worth mentioning that Kobe Bryant is not only a basketball genius, but also an investment genius. We look forward to hearing his great speeches at the summit.”
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