{"id":4951,"date":"2018-08-02T22:19:57","date_gmt":"2018-08-02T19:19:57","guid":{"rendered":"https:\/\/forklog.media\/?p=4951"},"modified":"2018-08-22T00:14:16","modified_gmt":"2018-08-21T21:14:16","slug":"decentralized-bitcoin-exchange-hodl-hodl-to-launch-otc-desk-for-large-traders","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/decentralized-bitcoin-exchange-hodl-hodl-to-launch-otc-desk-for-large-traders\/","title":{"rendered":"Cryptocurrency P2P Platform Hodl Hodl to Launch OTC Desk for Large Traders"},"content":{"rendered":"<p>Thursday, August 2, popular P2P cryptocurrency exchange Hodl Hodl announced a new business line aimed at large OTC trades.<!--more--><\/p>\n<p>The exchange says the decision to launch new services was taken \u201cafter multiple requests from institutional brokers and large volume traders.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en-gb\">\n<p dir=\"ltr\" lang=\"cs\">Introducing Hodl Hodl&#8217;s OTC roadmap: <a href=\"https:\/\/t.co\/onP6S0g6Ty\">https:\/\/t.co\/onP6S0g6Ty<\/a> <a href=\"https:\/\/t.co\/kfbOO2UHDw\">pic.twitter.com\/kfbOO2UHDw<\/a><\/p>\n<p>\u2014 Hodl Hodl (@hodlhodl) <a href=\"https:\/\/twitter.com\/hodlhodl\/status\/1025020044642799616?ref_src=twsrc%5Etfw\">2 August 2018<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong>\u201cWe recently launched \u201cprivate offers\u201d\u200a\u2014\u200aa new feature for OTC traders\u200a\u2014\u200aand after multiple requests from institutional brokers and large volume traders, we have concluded that there is a huge demand for non-custodial escrow services in the OTC market. This, together with our experience and knowledge, ensures smooth and secure trading,\u201d<\/strong> the announcement says.<\/p><\/blockquote>\n<p>Hodl Hodl representatives also stress, that currentl, most OTC firms\/brokers use their own centralized escrow services to trade with customers, which, as they believe, is not safe, and large trades should be executed via non-custodial multisig escrow.<\/p>\n<p>In order to ensure the highest security and quality standards, in the upcoming months Hodl Hodl team will:<\/p>\n<blockquote>\n<ol>\n<li>Develop multi-signature escrow addresses with 3 signatures. We acknowledge that large volume trades require a more flexible approach. As requested by our OTC partners, we\u2019re currently working on the implementation of a multi-signature escrow addresses with 2-out-of-3 signatures required to release the funds: one signature goes to seller, one goes to the buyer, and one goes to Hodl Hodl. In order to release funds from escrow, you\u2019d need 2 out of the 3 keys to sign the release transaction. So in case there is a dispute, Hodl Hodl as the mediator will be able to release funds to either the seller or the buyer. Moreover, multisig escrow addresses with 3 signatures will be available to all of our customers.<\/li>\n<li>Open its own OTC trading desk. To ensure top quality services, we are currently hiring brokers to our own OTC trading desk. This will allow us to match buyers with sellers and vice versa.<\/li>\n<li>Announce official brokerage arm of HodlHodl. We are currently in the process of receiving a brokerage license from an EU country for our own financial company. This will allow us to trade directly with our customers.<\/li>\n<\/ol>\n<\/blockquote>\n<p>The exchange also says that this new direction doesn\u2019t affect its current operations. Hodl Hodl is still a non-KYC\/AML non-custodial P2P exchange suitable for any type of trade\u200a\u2014\u200asmall or large.<\/p>\n<blockquote><p><strong>\u201cWe are sticking with our original plan to help people buy Bitcoin\/Litecoin in an easy and secure way,\u201d<\/strong> the Hodl Hodl team added.<\/p><\/blockquote>\n<p>Launched earlier this year, Hodl Hodl also hosts Baltic Honeybadger Conference in Riga, Latvia. After a <a href=\"http:\/\/forklog.media\/bitcoin-on-baltic-hodlhodl-founders-on-latvias-first-bitcoin-conference-and-their-platform-launch\/\" target=\"_blank\" rel=\"noopener\"><span style=\"text-decoration: underline;\">successful inaugural event<\/span><\/a> last year, the conference <span style=\"text-decoration: underline;\"><a href=\"https:\/\/bh2018.hodlhodl.com\/\" target=\"_blank\" rel=\"noopener\">returns on September 22-23<\/a><\/span>.<\/p>\n<p>Follow ForkLog on <span style=\"text-decoration: underline;\"><a href=\" https:\/\/twitter.com\/forklog_en\/\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a><\/span> and <span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.facebook.com\/forklogen\/\" target=\"_blank\" rel=\"nofollow noopener\"> Facebook<\/a><\/span>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thursday, August 2, popular P2P cryptocurrency exchange Hodl Hodl announced a new business line aimed at large OTC trades.<\/p>\n","protected":false},"author":1,"featured_media":5312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"human_written","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[48,698,830],"class_list":["post-4951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-exchanges","tag-hodlhodl","tag-otc"],"aioseo_notices":[],"amp_enabled":true,"views":"458","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=4951"}],"version-history":[{"count":6,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4951\/revisions"}],"predecessor-version":[{"id":5313,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/4951\/revisions\/5313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/5312"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=4951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=4951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=4951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}