Currently, Ethereum (ETH) and Ripple (XRP) are the second and third largest cryptocurrencies by market capitalization respectively.
The OTC service was launched earlier this month with bitcoin (BTC) support. It allows large investors to quickly trade large amounts of virtual currency at once and at “attractive prices.”
Coincheck said that OTC trading is conducted on Coincheck service (WEB), adding that trading using the Coincheck app and API is not supported at the moment.
The exchange suffered a major $530 million hack last January and was subsequently acquired by Japanese online brokerage firm Monex Group. Earlier this year, it received the license to continue its operations as a cryptocurrency exchange.
According to a financial report released at the end of January, Coincheck had halved its losses in Q3 as compared to the previous quarter, Cointelegraph reported.
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