Group launches Dubai-licensed OTC crypto block trading

Rick Steves

Gate OTC has partnered with Cynopsis Solutions and Coinfirm to ensure security and regulatory compliance measures on the platform which features 24/7 one-on-one professional advisor support and on-demand customer service. Group has launched an over-the-counter trading platform that provides fully-licensed OTC crypto trading services catered to institutions and high-net-worth individuals.

Gate OTC supports several mainstream cryptocurrencies and offers its services in various countries around the world.

The launch of Gate OTC follows the successful application for a DMCC license in Dubai by Gate MENA.DMCC stands for Dubai Multi Commodities Centre and the license will allow Gate MENA to engage in proprietary trading in crypto commodities, compliant with United Arab Emirates regulations, including KYC, AML, and CFT regulatory standards.

Increase in demand for high-quality OTC services

Tom Yang, EVP at Group, said: “We’ve seen an increase in demand for high-quality OTC services, especially from big players entering crypto from traditional finance. To meet our existing and future clients’ ever-growing needs, we’ve launched a dedicated and robust OTC platform with security, comprehensivity, and convenience at its core.”

The over the counter service offered by Group will facilitate large block trades while retaining privacy and minimizing the impact on market price.

Trading through Gate OTC, or any other OTC platform, offers investors an alternative to executing large trades on the buy/sell market order book as these can have heavy price impacts, long execution times, and increased risk.

Transacting directly with the OTC platform reduces such risks as trades are based on quotes with locked-in pricing and executed independently of the order books.

Gate OTC has partnered with Cynopsis Solutions and Coinfirm to ensure security and regulatory compliance measures on the platform which features 24/7 one-on-one professional advisor support and on-demand customer service. Group boasts a cryptocurrency exchange, public blockchain, decentralized finance, research and analysis, venture capital investing, wallet services, and startup incubator labs.

Crypto solution for brokers and market makers has recently launched an institutional services arm that provides the tools needed to help institutions increase their crypto exposure.

“Gate Institutional” will cater to Market Makers (MM) and Brokers in a mixed time for the crypto industry: adoption has never been as high, but the current market crash has raised alarm among retail and institutional players.

Gate io’s Market Maker program supports some of the leading cryptocurrencies in the world with flexible trade strategies, a frequency of 900r/s for order placement, 5000r/s for order cancellations, and support for over 300 connections through WebSocket.

The Broker Program supports three types of brokers – Portal, API, and Exchange. Each type of broker will earn rewards and bonuses based on their platform use.

The digital asset exchange has more than 1,300 coins and tokens listed on its platform with over 10 million registered users.

As to the Market Maker Incentive Program, aims to promote its premium services by offering rewards to top liquidity providers: from a $200,000 monthly prize pool to a free 30 day VIP+1 experience, interest free loans worth up to $4 million, exclusive COLO services with millisecond updates, and more.

In order to participate in this campaign, all accounts on or new accounts from other platforms must have exceeded trading volumes of 3000 BTC in the preceding 30 days through either spot or contract trading, said the firm, adding that users with a VIP membership between Level 8 and Level 15 are invited to participate in the campaign.

The exchange offers spot, margin, futures and contract trading in addition to DeFi products through Hipo DeFi, custodial services through, investments through Gate Labs and its dedicated GateChain platform.

Read this next

Digital Assets

Valkyrie pulls back on Ether futures merge with Bitcoin ETF

Valkyrie Funds LLC will suspend the purchase of Ether (ETH) futures contracts for its Valkyrie Bitcoin and Ether Strategy ETF (BTF.O). Additionally, the firm will unwind any positions in Ethereum that it has already acquired.  

Digital Assets

Hong Kong police arrest 18 in $1.5B billion JPEX fraud

The investigation into the JPEX crypto exchange scandal continues to unfold as Hong Kong and Macau police arrest four more individuals. These arrests, which include individuals considered “relatively close to the core” of the scandal, bring the total number of detentions to 18.

Digital Assets

Gemini tells Dutch users to withdraw assets by November 17

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, announced that it will cease providing services to customers in the Netherlands, citing regulatory requirements imposed by the country’s central bank.

Digital Assets

SEC puts BlackRock, Valkyrie, and Bitwise Bitcoin ETFs on hold

The U.S. Securities and Exchange Commission has delayed its decisions on several bitcoin exchange-traded fund (ETF) proposals, leaving many in the crypto industry feeling pessimistic for any future blessing from the agency.

Digital Assets

Ripple backs out of Fortress Trust acquisition

Ripple has decided to cancel its planned acquisition of Fortress Trust, a custodian company, less than a month after initially announcing the agreement.


France regulators blacklists 21 FX brokers, FuturBTC

France’s financial markets regulator, the Autorité des Marchés Financiers (AMF), today shed light on several unregulated forex brokers representing their offering under several brands. Notably, the AMF has identified only one crypto-assets provider in its latest warning.  

Digital Assets

Flare and Arkham Collaborate for Enhanced Decentralized Data Access

Flare’s blockchain for decentralized data acquisition integrates with Arkham’s Intelligence Platform, offering users advanced analytics and actionable on-chain insights.

Industry News

iFX EXPO International 2023 Successfully Concludes

The most talked about financial event of the year took place in Limassol, Cyprus.

Retail FX

Plus500 Forex Garners Market Attention In The Latest Expert Ranking

Securing the 58th spot in Traders Union’s Best Forex Brokers of 2023 ranking, Plus500, despite its cautionary overall score of 6.3 out of 10, stands out for its stringent regulatory compliance, user-centric WebTrader platform, and a commendable focus on account security, though it lags in providing advanced trading tools and trust management features.