CrossTower launches OTC service for Indian HNIs, institutional investors

economictimes.indiatimes.com:

CrossTower announced the launch of personalised Over the Counter (OTC) services for Indian high-net-worth individuals (HNI) and institutional investors. With the launch of its new feature, CrossTower aims to enable HNIs and institutional investors to trade in crypto assets, providing deep liquidity 24x7 across multiple crypto-assets, ensuring the best prices for them. CrossTower observed that 70 per cent of its platform's trade volume is accounted for by institutional investors and large-volume traders in India.

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Amit Arora, Head of Growth and Partnerships for CrossTower India said, «Given the rapid uptake of digital assets by large-volume traders, we aim to make trading crypto assets for those investors as convenient as possible through this personalized crypto OTC Desk feature.» OTC permits investors to buy and sell substantial amounts of digital assets with low price slippage. Using this service, investors can conduct significant transactions with high liquidity, the company said. This feature targeted at high volume traders, takes customer service one step ahead, by providing a relationship manager to each investor opting for the service. The feature also provides daily personalized daily crypto market updates to the investors.