Cryptocurrency exchange platform CoinDCX recently launched its OTC (over the counter) Desk facility to tap into the institutional client market for crypto trades.
According to the company, the new facility will supplement CoinDCX’s existing platforms – CoinDCX and CoinDCX Pro – to expand the number of users and overall trading volume.
“Through the OTC Desk facility, institutional clients will be able to execute bulk orders for crypto assets like Bitcoin (BTC) and other popular cryptocurrencies seamlessly,” the the company said in an official press release.
Moreover, the OTC desk facility promises the company’s clients to purchase or sell their holdings without worrying about price volatility.
CoinDCX co-founder Sumit Gupta said the company will focus on those who trade in large crypto quantities.
“This segment is more concerned about price certainty and wants to minimize slippages,” he said while informing that the average ticket size for such services starts at above Rs 30 lakh plus investments.The company added that
Vauld allows you to earn interest on your Bitcoin and other cryptocurrencies as soon as you deposit your funds. The interest calculated daily and the payouts rolled out weekly. You can withdraw anytime.The minimum deposit is $1 worth of tokens.
There is no limit on the maximum deposit.
However, The tokens reflected instantly in your account except for Bitcoin that usually takes one to six hours. The fixed deposits offer higher interest rates. The locking period can be one, three or six months and there no penalty charged for opting out. If you opt-out, you will receive fixed base interest rates for the duration in which you have deposited.For earning interest, the funds must be present in the Vauld wallet.
You can use external wallets such as Metamask and Trust.The interest is compounded every week or at the end of the term. The interest rates are different for each token. There are three different types of rate — Savings, Fixed Deposit, and Borrowing rate.
Moreover, You can borrow low-interest crypto loans by using your existing crypto assets as collateral. The loans will be approved instantly, and the tokens will be deposited. You can borrow up to an LTV of 66.67%.
Similarly, There are no additional charges or a fixed number of installments. The minimum loan amount is 100 dollars. The loans offered at a collateralize ratio of above 150 % and the collateral liquidated, once it reaches 100%. It takes thirty minutes for KYC approved.
If you are not from India and want to access INR related dependencies, you can write to [email protected], and they will help you.They sup