Binance invests $3M in US OTC trading desk

posted 23 days ago
Big news came from Binance this week, as their venture wing announced a significant investment in US over-the-counter crypto trading desk Koi Trading. Koi Trading is an OTC trading operation headquartered in San Francisco, CA. They aim to be a compliant global option for private cryptocurrency liquidity. Koi also offers assistance with data science, quantitative research, and compliance consulting work.

Commenting on the firm’s decision to invest in Koi, Head of Binance Labs Ella Zhang said “Koi Trading’s mission is to bridge fiat and cryptocurrencies in a compliant manner. This aligns with our broader vision at Binance to build the infrastructure which provides the freedom of value exchange globally.”
Tags: bitcoin, news