The popular US crypto exchange and wallet provider Coinbase is in today’s crypto news for launching OTC (over-the-counter) trading for institutional investors yesterday on November 27.
Over-the-counter crypto trading will help all of the institutional investors to carry out direct trades between each other. The head of sales at Coinbase, Christine Sandler, said that this is a strategic move since the demand for OTC crypto trading is increasing and that Coinbase is considering covering both OTC businesses and exchange ones as well. Sandler noted:
“We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading.”
She also pointed out that the OTC service will be ultimately combined with the Coinbase Custody service that provides crypto custodian tools for institutional investors that were launched back in July. Coinbase has also offered their clients to trade any asset that is available on the separate institutional investing platform-Coinbase Prime.
The major exchange began its journey to become a fully regulated broker back in June by fulfilling all the requests from the US Securities and Exchange Commission and earned to offer a number of crypto services such as this OTC trade service.
According to Business Insider, the crypto giant first announced their plans to bring in block trades in May 2018 and many other crypto-focused companies followed. For example, Circle which is a crypto-based financial company has a similar OTC service and was first introduced in February when the company acquired the Poloniex exchange.
Telecom Giant AT&T Interested In A Blockchain-Based Social Media ‘Mapping’ System
“The social media history map platforms described herein may take advantage of the immutable and permanent nature of blockchain records to store, and provide access to, data representing online transactions that occur on multiple social media applications.”According to the filing, content creators would keep the ownership of their data on the "mapping" platform:
“However, instead of passing ownership of blocks or data between users, a social media account owner maintains primary ownership of his or her online transaction data. What passes from the social media account owner to other users of the social media history map service, such as followers of the social media account owner, is a notion of elevated visibility rights.”This is just one more patent application in the series that were submitted by companies such as Xerox, American Express, IBM and others - and a new milestone for AT&T overlooking its expansion in the field of blockchain.
Binance Labs Introduces Us To The ‘First Batch’ Of (Final) Blockchain Projects
TRON’s DApp Usage Jumps 48% To +1 Million Transactions Last Week
“This week, the 24-hour transaction number for Dapps reached 1.04M, a 48% increase compared with last week; the 24-hour trading volume hit 640M TRX, an 151% increase compared with last week. We have seen significant increases in both indexes […]”One of the most interesting projects built on Tron is Seedit which is a decentralized platform that lets users contribute funds to the content creators that they most appreciate. Project Atlas is also a well-known project which incentivizes people to seed content on the BitTorrent protocol, which was acquired by Tron back in July this year.
LinkedIn’s Largest Growing Job Sector Is Blockchain Development
“It’s no surprise that we’re seeing an explosion of machine learning roles and continuing growth of data science roles. In fact, we started to see glimmers of this in last year’s report; however, both fields are starting to see more specialized roles emerge. It also may not shock you that Blockchain Developer is topping the list following this year’s surge in interest around blockchain and cryptocurrency.”The great news for all of the people interested in a career in this sector is that there are plenty of universities now that adopt blockchain-related courses which help to boost the blockchain expertise in the following years.
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