The exchange is aggressively expanding its services in the crypto arena.
BTSE, a British Virgin Islands-based crypto exchange, announced on Thursday the addition of request-for-quote (RFQ) facility to its over-the-counter (OTC) desk.
Unlike traditional OTC trading desks, BTSE’s tool will allow traders to obtain a quote on a fixed and agreed-upon price before purchase. This, according to the exchange, will enable eliminate price Slippage between the executed and expected price, which traders complain about very often.
“BTSE’s OTC RFQ is a useful tool for investors, traders, business partners, and commercial players who want to leverage BTSE’s services as a Liquidity provider,” Jonathan Leong, founder and CEO of BTSE, commented on the development.
“It’s currently difficult to confirm prices before actioning trade activity, but with an instant RFQ, users can determine the price before they make a purchase.”
The services will be available for the OTC purchases of Bitcoin, Ethereum, Litecoin, Monero, and the exchange’s native BTSE token, along with stablecoins like Tether, TrueUSD, and USDC.
Targeting both retail and professional traders
BTSE is also highlighting that its RFQ feature will have a lower limit of $1 while the upper limit has been set at $100,000, meaning the exchange is targeting both retail and institutional clients.
The platform will allow traders to place orders on its OTC desk with major digital currencies, stablecoins, and an array of fiat including US dollar, Japanese yen, euro, and UAE dirham.
BTSE also told Finance Magnates that it has seen a spike of 120 percent in its OTC desk over the past two weeks as the Bitcoin market is steaming for a rally.
Meanwhile, the British Virgin islands-registered exchange is also aggressively expanding crypto offerings. Earlier this month, the exchange unveiled a crypto-fiat debit card when giants like Binance are also launching similar products.
BTSE, a British Virgin Islands-based crypto exchange, announced on Thursday the addition of request-for-quote (RFQ) facility to its over-the-counter (OTC) desk.
Unlike traditional OTC trading desks, BTSE’s tool will allow traders to obtain a quote on a fixed and agreed-upon price before purchase. This, according to the exchange, will enable eliminate price Slippage between the executed and expected price, which traders complain about very often.
“BTSE’s OTC RFQ is a useful tool for investors, traders, business partners, and commercial players who want to leverage BTSE’s services as a Liquidity provider,” Jonathan Leong, founder and CEO of BTSE, commented on the development.
“It’s currently difficult to confirm prices before actioning trade activity, but with an instant RFQ, users can determine the price before they make a purchase.”
The services will be available for the OTC purchases of Bitcoin, Ethereum, Litecoin, Monero, and the exchange’s native BTSE token, along with stablecoins like Tether, TrueUSD, and USDC.
Targeting both retail and professional traders
BTSE is also highlighting that its RFQ feature will have a lower limit of $1 while the upper limit has been set at $100,000, meaning the exchange is targeting both retail and institutional clients.
The platform will allow traders to place orders on its OTC desk with major digital currencies, stablecoins, and an array of fiat including US dollar, Japanese yen, euro, and UAE dirham.
BTSE also told Finance Magnates that it has seen a spike of 120 percent in its OTC desk over the past two weeks as the Bitcoin market is steaming for a rally.
Meanwhile, the British Virgin islands-registered exchange is also aggressively expanding crypto offerings. Earlier this month, the exchange unveiled a crypto-fiat debit card when giants like Binance are also launching similar products.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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