FxWirePro: Bitkan launches mobile app for OTC cryptocurrencies amid SEC stringent regulations, Is this speculative or arbitrage option? Unearth fact from fiction

Ever since Bitcoin's inception in 2009 and evolution thereafter, the digital currency has consistently been dealt through off-exchange OTC transactions.

For now, Bitkan has launched the OTC facility for Bitcoin spot trading that is accessible through their mobile app. This trading feature is launched on its mobile app, following significant investment from Chinese mining hardware company, Bitmain.

Dear readers, simply jumping the guns and burning hands by the luring options of speculative or arbitrating effects would not be a wise idea. So, please be attentive of regulatory frameworks before proceeding further in this avenue of trading or investment of crypto currency.

SEC moves to halt OTC trading for Bitcoin, this has been evident third in a month, the SEC has moved to suspend trading on at least two other bitcoin-related companies that are publicly listed on over-the-counter (OTC) markets.

Amateur traders, please be noted that OTC trading has no physical location, trading is arranged electronically. Agreements on what, how many, for what price and under what conditions, such decisions are made absolutely based on mutual consent but are not standardized like financial instruments traded on stock exchanges.

In this new era of Cryptocurrency Avenue, as the trade scopes grew and more number of participants crosses the threshold of the market. As a result, more instinctive methods of OTC trading began to appear, mostly in the form of individual brokers and dealers. Today, many of the OTC trades that occur are increasingly facilitated by institutional and professional brokers, dealers, and traders.

And this recently mobile app facilitated OTC trading is to enable customers to deal with Bitcoin cash outside of the order books of exchanges, consenting high volume traders to access competitive pricing.

We conclude by stating – both speculative as well as arbitrage options are likely to lure aggressive traders but be mindful of the objective and necessity of this arrangement. BTCUSD has trimmed gains to $4529 after yesterday’s highs of $4649.78 levels. Technically, on a long run, we see no traces of bearish sentiments so far.