Cryptocurrency exchange ZebPay has launched India’s first global OTC trading platform targeting large traders and institutional investors.
ZebPay’s OTC will target high-net-worth individuals, merchants, and corporations. The site offers cost-effective one-click execution of large trading orders, with low spreads, zero commissions, and minimal slippage.
This initiative is ZebPay’s attempt to address the lack of liquidity in crypto assets. According to company co-founder Avinash Shekhar, ZebPay is committed to creating a robust crypto ecosystem and multifaceted business that fully caters to the needs of both retail and institutional investors.
Avinash Shekhar, Co-CEO at ZebPay, said:
“ZebPay aims to create a robust crypto ecosystem and a multi-faceted business where the needs of both the retail and institutional investors are met seamlessly. With ZebPay OTC Desk, we are addressing 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 encourage adoption of crypto in the country and help create a mark for India as a major player in this emerging space.”
Nirmal Ranga, Director of Revenue at ZebPay, added:
“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.”
It’s great to see Indian businesses contribute to the betterment of the crypto sphere. It’s definitely worth keeping a close look at how ZebPay’s new OTC fares.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
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