Indian crypto exchange ZebPay has launched country’s first global electronic over-the-counter (OTC) desk with an aim of helping a large volume of traders and institutional investors around the world.
The main targets of the newly-introduced electronic OTC desk are HNIs, trading firms and corporates. With the help of this desk, the traders and the institutional investors will be able to process large crypto trade orders instantly with just one click.
This would be a cost-effective process, the large crypto trading orders will be executed with zero fees and minimal slippage.
The customers could get access to an electronic OTC desk through API integration or via an easy-to-use trading interface that allows automated trading facilities for all users.
While talking about the newly-launched electronic OTC desk, Avinash Shekhar, the Co-CEO of ZebPay, said, “With ZebPay OTC Desk, we are addressing the growing institutional interest in crypto globally and in India. Like other ZebPay products, the OTC Desk also provides a simplified and optimised trading experience coupled with personalised assistance, but specifically for larger volume traders. This will further encourage adoption of crypto in the country and help create a mark for India as a major player in this emerging space.”
The public statement released by the company specified that the OTC desk will help ZebPay to focus on the liquidity crunch in cryptocurrencies.
The electronic OTC desk by the crypto trading platform will offer access to 24/7 deep liquidity to a range of cryptocurrencies and best-in-class price execution across multiple trade pairs.
According to the reports, the desk has lent its support to several fiat currencies, currently, like US Dollars, British Pound, Euro, Singapore Dollar etc. Apart from that, it is also assisting stable coins such as Tether, USD Coin and DAI.
ZebPay’s electronic OTC desk also provides sophisticated APIs to trading firms, quant funds, institutions, brokers, corporates and algorithmic traders, for automated trading.
“With the launch of India’s first crypto OTC Desk, ZebPay aims to provide guidance, assistance, and convenience to HNIs and institutional investors for trading in crypto assets. The product will eliminate the struggle of finding deep liquidity and enable the instant execution of large crypto trade orders,” said Nirmal Ranga, Chief Revenue Officer.
It is to be noted that the platform also supports those clients, who have the access to a credit line for 24-hours post-trade settlement.
The firm in its press release has mentioned that all the users of the electronic OTC desk will have access to in-depth research, analysis, and 24/7 white-glove service.