Japan’s Coincheck Bitcoin OTC Trading Desk for institutional investors goes live

  • Coincheck’s large scale customers will have the ability to buy and sell large volumes of Bitcoin.
  • The trading will take place via a web interface that is hosted by Coincheck.

Coincheck, a Japanese crypto exchange company has launched over-the-counter (OTC) desk for Bitcoin. A report by Cointelegraph Japan indicates that the OTC trading desk has been launched to serve institutional clients.

The customers will have the ability to buy and sell large volumes of Bitcoin. The limit has been set from 50 BTC. The trading will take place via a web interface that is hosted by Coincheck. However, the report says that opening is limited between Monday and Friday from 10:00 – 15:00 (JST). Notably, Coincheck app or API trading are not eligible for use.

A blog post published for the purpose of the launch by Coincheck says that the service has been introduced to help large scale customers to buy and sell BTC quickly and smoothly. In addition, the exchange is considering adding the same service for other digital assets in the future.

Coincheck suffered one of the most devastating hacks in the crypto industry in January 2018 where $532 million disappeared. The exchange was later acquired by Japanese broker Monex Group. The company has undergone both shareholder and management overhaul in a bid to champion a recovery.


Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Bears take over and draw a bloody moon

Cryptographer and computer scientist Nick Szabo, has presented in his Twitter account a study on the "risk-benefit" ratio of different assets. The study used a Sharpe Ratio over four years Hodl period.

More Bitcoin News

ETH/USD bears flip the bulls, target shifts to $5

Ethereum Classic is facing the ultimate correction following a massive bull-run that had it hit January highs around $12 from December lows at $3.41. The persuasive urge upwards has, however, ended in losses due to a lack of ...

More Ethereum Classic News

Ripple's CEO sees an era of IPO in cryptocurrency industry

Ripple's XRP, the third-largest digital asset with the current market value of $9.4 billion has lost over 5% in recent 24 hours and hit the low of $0.2136 on Friday. XRP/USD is moving within a clear bearish trend amid expanding volatility.

More Ripple News

The Crypto Sector in selloff mode searches a support zone

Most of the cryptocurrency sector accelerated the losses after breaking the neckline of support that was holding their prices. The selling pressure was in almost all digital assets.

More Cryptocurrencies News


Bitcoin Weekly Forecast: Bitcoin bulls and bear fight gets a tougher edge

The cryptocurrency market started the downside correction after a strong rally initiated by risk reversal play at the beginning of January and reinforced by various altcoin pumps...

Read the weekly forecast