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Coincheck OTC allows clients to trade Bitcoin up to 50 BTC

Written By Hanny & Melissa on Monday, May 27, 2019 | Monday, May 27, 2019

The Bitcoin (BTC) free trade table for large scale institutional investors is informed by Coincheck (Cryptocurrency Exchange) Japan.

Coincheck OTC passes its trading table, allowing clients to directly trade large amounts of Bitcoin starting at 50 BTC ($ 207,000 to press time) between each other using the web interface, which is organized by Coincheck.

The opening limit is limited to working hours, from 10:00 to 15:00 and overtime trading using the Coincheck application. As for exchanges, it was clarified in blog posts that accompanied the launch of the new OTC table. (Japanese Cointelegraph - April 1/ auth)

Coincheck wrote, that this new service will enable large scale institutional players to buy and sell crypto in large quantities quickly, while indicating that they will consider adding OTC support for cryptocurrency other than Bitcoin in the futurefront.

Previously reported by major crypto exchange and wallet providers in the US, Coinbase launched its own OTC service for institutional clients in November 2018, after going through the process of becoming a broker dealer, which is fully regulated by the US Securities and Exchange Commission (SEC) last year. Through Monex's new stewardship, Coincheck took a series of steps to improve its protection system and trade.

Later, in mid November 2018 as well, Coincheck resumed crypto trading, and joined the Japan Network Security Association in another effort to restore its image.

The exchange is granted an operating permit from the Japanese Financial Services Agency in December 2018in the country of the rising sun, Bitcoin has become a legitimate currency.

The following is a quote from Kaga Kawabata (International Business Development coincheck.com) statement in September 2017 last year :

"We believe Bitcoin and cryptocurrency are innovative technologies since the advent of the internet. 
The blockchain technology that underlies Bitcoin will have a tremendous impact on various industries.
For example, Blockchain technology can radically change the way financial transactions are facilitated in the future. 
Because this technology makes transactions transparent, it will involve far more efficient operations, and change the way we run traditional businesses. 
The potential of Bitcoin and cryptocurrency is so great, it makes me interested in investing in this field".

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