Binance Labs Investing in Compliant OTC Trading Platform Koi.trade

2018-11-23 02:38

Binance remains committed to its philosophy of becoming the best provider of crypto trading services in the market and the constant investments in the development of its platform attest to this. In a recent statement, the Binance Labs team announced that it made a 3M dollar investment in Koi Trading, an OTC trading platform operating in the United States.

Koi Trading is a firm headquartered in San Francisco, CA, focused on providing a compliant global option for P2P trading. The startup also offers assistance, research and compliance consulting work in order to adapt to the complex North American legal system.

Changpeng Zhao, CEO of the popular exchange, has manifested in several opportunities his interest for alternative trading modalities, among them decentralized exchanges and over the counter trading. Recently he mentioned that OTC trading could have a volume similar to trading in exchanges, so his interest in this market is highly justified.

Binance + Koi Trading: A Good Partnership To Boost Crypto Trading

Regarding Binance Labs’ decision to invest in Koi, Ella Zhang, Head of Binance Labs was quite optimistic about the results they expect to obtain, mentioning that there is a compatibility of philosophies between both parties:

“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.”

For his part, Hao Chen, founder, and CEO of Koi Trading commented that Koi’s focus on providing a service adapted to the North American legal framework can be highly beneficial for a company like Binance, which has a strong presence in the Asian market and a strong vision of expansion into Western markets:

“Our team of experienced traders and sales personnel will join forces to tap into vast networks of counterparties in North America, Asia, and the EU, bridging the gap that divides the current OTC landscape …
With Koi’s robust AML program, extensive banking relations in the US, investment from Binance Labs, and strong trust amongst counterparties in the Greater China, we aim to be the market nexus that reduces trust and information asymmetry and improves cryptocurrency OTC deal close rate”.

The post Binance Labs Investing in Compliant OTC Trading Platform Koi.trade appeared first on Ethereum World News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Open Trading Network (OTN) на Currencies.ru

$ 0.0064948 (+0.67%)
Объем 24H $0
Изменеия 24h: 1.44 %, 7d: 12.76 %
Cегодня L: $0.0064948 - H: $0.0064948
Капитализация $13.149k Rank 2181
Цена в час новости $ 0.3409 (-98.09%)

trading platform binance koi otc labs compliant

Источник: ethereumworldnews.com

trading platform → Результатов: 126


BSCTrades: All-in-one Trading Platform to Enhance Trading Performance

Patna, India / 7 May 2021 / All-in-one trading platform BSCTrades launches two very important tools in the form of the limit order tool and token launch sniper.  BSCTrades is the all-in-one trading platform that integrates the best trading practices and tools to help traders on its platform, and to make the most of the … Continued The post BSCTrades: All-in-one Trading Platform to Enhance Trading Performance appeared first on BeInCrypto.

2021-5-10 17:40


High Leverage and Tight Spreads Make CryptoAltum a Worthy Contender in Crowded Crypto CFD Space

The new Marshall Island-based crypto derivatives trading platform is making a wave in the trading community by offering attractive trading opportunities. Less than a year old, the CryptoAltum platform is a feature-rich CFD trading platform with a range of trading instruments including Cryptocurrencies, Forex, Equity Indices and Gold.

2020-6-18 13:50


KuCoin Releases a New Crypto Trading Derivatives Platform KuMEX with XBTUSDM Perpetual Contracts

Leading cryptocurrency exchange KuCoin on July 8 announced the launch of a new platform that offers crypto derivatives trading. The trading platform, KuMex trading venue, is now live in public beta and will at first offer a bitcoin perpetual contract (XBTUSDM), which is quoted in USD and with up to 20x leverage. Fair and Rigorous […]

2019-7-9 22:43


Фото:

Napston Launches 100% Automated Crypto Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology

Cryptocurrency trading is all set to become safe and profitable like never before, with the recent launch of a fully automated crypto trading platform by Napston. This groundbreaking trading platform is based on a proprietary technology called Distributed Artificial Neural Networks that has been programmed to accurately predict the market by utilizing the processing power […] The post Napston Launches 100% Automated Crypto Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology appeared first on ZyCrypto.

2018-11-28 14:00


Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology

Cryptocurrency trading is all set to become safe and profitable like never before, with the recent launch of a fully automated crypto trading platform by Napston. This groundbreaking trading platform is based on a proprietary technology called Distributed Artificial Neural Networks that has been programmed to accurately predict the market by utilizing the processing power […] The post Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology appeared first on Ethereum World News.

2018-11-27 16:35


Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology

Cryptocurrency trading is all set to become safe and profitable like never before, with the recent launch of a fully automated crypto trading platform by Napston. This groundbreaking trading platform is based on a proprietary technology called Distributed Artificial Neural Networks that has been programmed to accurately predict the market by utilizing the processing power The post Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology appeared first on ItsBlockchain.

2018-11-27 15:15


Фото:

Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology

Cryptocurrency trading is all set to become safe and profitable like never before, with the recent launch of a fully automated crypto trading platform by Napston. This groundbreaking trading platform is based on a proprietary technology called Distributed Artificial Neural Networks that has been programmed to accurately predict the market by utilizing the processing power […] The post Napston Launches 100% Automated Cryptocurrency Trading Platform based on Proprietary Distributed Artificial Neural Networks Technology appeared first on CaptainAltcoin.

2018-11-26 20:40


Фото:

Napston Launches 100% Automated Cryptocurrency Trading Platform Based on Proprietary Distributed Artificial Neural Networks Technology

CoinSpeaker Napston Launches 100% Automated Cryptocurrency Trading Platform Based on Proprietary Distributed Artificial Neural Networks Technology Cryptocurrency trading is all set to become safe and profitable like never before, with the re-cent launch of a fully automated crypto trading platform by Napston.

2018-11-26 14:44


Фото:

Bittrex Partnering to Launch Cryptocurrency Trading Platform for Latin America and the Caribbean

One of the leading US-based cryptocurrency exchanges is partnering up with a fintech company to launch a digital asset trading platform in Latin America and the Caribbean. Focus on User Experience The new digital asset trading platform in Latin America and the Caribbean will supposedly see an enhanced focus on user experience.

2018-9-7 06:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Data Suggests OTC Transfers Have Been More Active Recently

On-chain data suggests Bitcoin OTC transactions have been active recently, while exchange transfers have gone down. Bitcoin Fund Flow Ratio Declines, While Tokens Transferred Go Up As pointed out by an analyst in a CryptoQuant post, there are signs that over-the-counter (OTC) deals might be going up in the BTC market. The first indicator of […]

Chinese Authority Freezes Thousands of Cryptocurrency Traders’ Bank Accounts

Several thousands of bank accounts belonging to cryptocurrency traders have reportedly been frozen by Chinese police as a result of an extensive crackdown on illicit activities. Frozen accounts are not necessarily involved in wrongdoing and supposedly can be unfrozen if the authority finds no evidence of illicit activities.