Binance just revealed an important announcement which involves OTC crypto trading desk Koi Trading. Binance invested $3 million into the US OTC (over the counter) crypto trading desk, and it will support its work and goals.
San Francisco-based Koi Trading is an OTC trading platform that aims to become the primary option in terms of private crypto liquidity.
They’re also involved in data science, quantitative research, and compliance consulting matters.
Head of Binance Labs Ella Zhang, said: “Koi Trading’s mission is to bridge fiat and cryptocurrencies in a compliant manner. This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of value exchange globally.”
Koi’s experienced teams of founders which include CEO and founder Hao Chen. He said that his team and Binance would be able to bridge the existing gap that’s currently dividing the OTC landscape.
At the moment, OTC trading is not only prevalent in China especially after the issues regarding crypto regulations and all the emerging complications, but in the rest of the world as well.
Binance’s partnership with Koi trading will solve various OTC-related issues at a global scale, and they’ll provide an enhanced option for clients.
Binance CEO expects a crypto bull run soon
CEO of OnChain Capital Ran Neu-Ner has discussed crypto-related subjects with various essential names from the industry, and one of them was Binance CEO, Changpeng Zhao.
At one point Zhao said that he’s expecting a massive crypto bull run sooner or later and he also addressed the factors that could support the triggering of such a move.
For starters, increased interest in crypto coming from institutional investors could be one of these factors.
Also, the launch of institutional products and stablecoins, Bakkt and Fidelity Digital Assets are also important achievements that could open the way for more exciting moves and a potential crypto bull run. But, for the moment, the crypto markets experienced the worst fall this year.