We’re very proud to announce that our OTC web portal and OTC API are now live and available to our institutional clients on https://app.otc.lgo.markets/. Clients can now trade on our RFQs (Request for Quotes) 24/7 and settle post trade on a wide variety of assets and with deep liquidity, through a web UI and a REST API.
The LGO OTC platform is integrated with our existing products : the LGO spot exchange as well as our financing capabilities. Clients can trade OTC directly to and from their exchange balances, allowing them to efficiently rebalance their inventory and take advantage of different prices (exchange and OTC). Upon due diligence, eligible counterparties can settle the OTC trades executed on our platform post trade.
Additionally, our OTC API provides a robust and programmatic access to our RFQ for clients looking to automate their trading flow. Our OTC desk over chat will still be available for specific demands and assets.
Hugo Renaudin, Co-Founder and CEO of LGO:
“18 months after the launch of our institutional spot exchange and 6 months after the start of our OTC activities, we’re delighted to offer to our clients a robust, versatile and institutional-grade platform for them to execute their OTC trade. Allowing both exchange and OTC trade execution on the same platform is a strong value proposition for our clients, especially when mixed to our financing capabilities. In just 6 months time, we’ve created strong relationships and grown significantly our OTC volumes, by trading by voice and chat only. Our electronic OTC platform will not only allow us to serve our existing OTC clients better (with better availability and better prices), it will also allow us to scale our operations to a wider range of counterparties.”
The LGO OTC platform offers programmatic RFQs on largest cryptocurrencies vs USD. In the next few weeks, we’ll add liquidity on additional currency pairs, as well as EUR/GBP/MXN fiat settlement options.
If you are looking to trade on our institutional spot exchange or OTC platform, please reach out to the team, or fill out our pre-onboarding form.
LGO is the leading Bitcoin spot exchange for institutions. Live since April 2019, they are trusted by over 50 institutional counterparties across 15 countries. With a boutique approach, they provide a suite of fully customizable services, best in class technology, and deep liquidity. For more information please visit https://lgo.group.
The LGO Token is not available in the United States or other prohibited jurisdictions. If you are located in, incorporated or otherwise established in, or a resident of the United States of America, you are not permitted to transact in LGO Tokens.