Coinbase Launches OTC Crypto Trading Desk; USDC Stablecoin “One of the Most Liquid” on the Market68.07

Coinbase launches its over-the-counter (OTC) trading desk for its institutional Prime customers today, with plans to integrate delayed settlement and Coinbase Custody. This move will reduce the costs of acquiring cryptocurrency for institutions and help reduce overall market volatility.

Over-the-counter trading (OTC) occurs directly between trading parties instead of over an exchange. Many institutions (as well as whales) use OTC as a mechanism to mitigate slippage and prevent scalping, front-running, and other volume-related losses.

Original source
https://cryptoslate.com/coinbase-launches-otc-crypto-trading-desk-usdc-stablecoin-most-liquid-on-the-market/

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