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Cryptopolitan 2019-12-18 01:16:24

Cryptocurrency exchange Kraken acquires Circle’s OTC desk

Circle’s months-long search for its hugely successful over-the-counter desk has finally come to an end as South Korean cryptocurrency exchange Kraken takes over the most extensive OTC desks in the crypto markets, Circle Trade. The OTC desk was initially established to provide the much-needed liquidity for Circle’s Bitcoin payment app. However, its presence grew multifold, given the massive demand in counterparties at the time. Soon, Circle Trade became one of the most profitable businesses in the cryptocurrency space. However, the last few months have witnessed Circle, who is also among the earliest investors in the crypto market, displaying a notable

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