Gate.io Group Launches Dubai Licensed OTC Crypto Block Trading

Gate.io Group has launched an OTC trading platform that provides fully licensed OTC crypto trading services for institutions and high net worth individuals.

Gate OTC supports several mainstream cryptocurrencies and offers its services in various countries around the world.

The launch of Gate OTC follows the successful application for a DMCC license in Dubai by Gate MENA. DMCC stands for Dubai Multi Commodities Center and the license will allow Gate MENA to engage in the exclusive trading of crypto commodities, in compliance with UAE regulations, including KYC, AML and CFT regulatory standards.

Increased demand for high quality OTC services

Tom Yang, Executive Vice President of Gate.io Group, said: “We have seen an increase in demand for high-quality OTC services, especially from big players entering crypto from traditional finance. . To meet the ever-growing needs of our current and future customers, we have launched a dedicated and robust OTC platform with a focus on security, completeness and convenience.

The OTC service offered by Gate.io Group will facilitate large block transactions while maintaining privacy and minimizing the impact on the market price.

Trading through Gate OTC, or any other OTC platform, offers investors an alternative to executing large trades on the buy/sell market order book, as these can have heavy impacts on prices, long lead times and increased risk.

Trading directly with the OTC platform reduces these risks, as trades are based on quotes with locked-in prices and executed independently of order books.

Gate OTC has partnered with Cynopsis Solutions and Coinfirm to ensure security and regulatory compliance measures on the platform which offers one-to-one 24/7 professional support and on-demand customer service.

Gate.io Group has a cryptocurrency exchange, public blockchain, decentralized finance, research and analytics, venture capital investments, wallet services and science labs. startup incubators.

Crypto solution for brokers and market makers

Gate.io recently launched an institutional services arm that provides the tools to help institutions increase their exposure to crypto.

“Gate Institutional” will speak to market makers (MMs) and brokers in mixed times for the crypto industry: Adoption has never been higher, but the current market crash has spelled doom. alarm among retail and institutional players.

Gate io’s Market Maker program supports some of the world’s leading cryptocurrencies with flexible trading strategies, frequency of 900r/s for order placement, 5000r/s for order cancellations and support for more than 300 connections via WebSocket.

The Broker program supports three types of brokers: Portal, API, and Exchange. Each type of broker will earn rewards and bonuses based on their use of the platform.

The digital asset exchange has over 1,300 coins and tokens listed on its platform with over 10 million registered users.

As for the Market Maker incentive program, Gate.io aims to promote its premium services by offering rewards to top liquidity providers: from a monthly prize pool of $200,000 to a free 30-day VIP+1 experience , interest-free loans worth up to $4 million, exclusive COLO services with millisecond updates, and more.

In order to participate in this campaign, all accounts on Gate.io or new accounts from other platforms must have exceeded trading volumes of 3000 BTC in the previous 30 days through spot trades or contracts , the company said, adding that users with VIP members between level 8 and level 15 are welcome to join the campaign.

The exchange offers spot, margin, futures and contract trading in addition to DeFi products through Hipo DeFi, custody services through Wallet.io, investments through Gate Labs and its dedicated GateChain platform.