Decentralized Crypto Exchasge AirSwap Lunches OTC Market to 'Unlock New World of Liquidity'

Decentralized cxchange AirSwap is lunching the framework for over-the-counter (OTC) trading product for mainnet rollout.In an update posted on its website,AirSwap said that the new product would be available "Exclusively to a Privet Beta Group".

Founded in 2017, AirSwap became known for offering frictionless Peer to Peer (P2P) trades for ERC20 tokens to a group of primarily retail investors.The new OTC block trading product will allow high net worth investors to trade any quantity of digital assets on the exchange.

Co-founder Don Mosites,while commenting on the devolopment,said the new OTC tools would make trades more often and direct.

"It essentially allows more flexibility on price and the ability to know your counterparty,assess eith whom you'd like to do business more directly".

For investors that currently uses AirSwap,the new update is a step in the right direction.The Airswap platform has always made it easy foe users to purchase and sell off tokens but the addition of a chat feature in the new rollout will connect traders with buyers in a privey conversation where they can have this type of interaction without broadcasting the terms of negotiation that couls affect the market.

The upgarded platform will also feature an identification system to be managed by Wyre a regulated money service business wich will allow dealers and other institutional investors to have access to regulations that secure there trading activities.

In addition to the OTC trading platform, AirSwap also lunched requests for Quotes(RFQs) for takers to reach an entire network of marketers who have opted to receive RFQs for those assets.

Source :CNN