Wall Street OTC Bitcoin Trading Desks See Record Volumes as Price Hits 52-week Highs, Gareth Jones

Bitcoin exchange trade volumes and over the counter (OTC) volumes have soared over the past week as the bitcoin price hit its high for the year. TradeBlock gets a good shout out as a critical part of the infrstaructure.

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ItBit partners with TradeBlock to bring greater public visibility and accountability ItBit’s October report also announced a new partnership with TradeBlock to provide a more streamlined OTC reporting service both to their clients and to the public: “We are integrating Tradeblock’s order management system to enhance our OTC middle and back-office operations. TradeBlock’s system will allow us to streamline our back-end processes and provide clients with more powerful, customizable trading data analysis. “In our ongoing effort to increase transparency of OTC markets across the bitcoin trading community, our team will be using these new tools to expand the OTC data we share publicly going forward.” Genesis Trading CEO Brendan O’Connor told Bitcoin Magazine that they are watching their OTC market follow the public market in increasing trade volumes.

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