Hodl Hodl And L2B Global To Launch New Bitcoin OTC Desk

Hodl Hodl and L2B have partnered to provide multi-sig contract guaranteed services that will make Bitcoin OTC trading safer and faster.

OTC Bitcoin Transactions are now Safe and Easy

A recently announced partnership between hodlhodl.com and L2B Global means Bitcoin traders will have another rock-solid option when looking to transact over-the-counter (OTC). Hodl Hodl provides multi-signature contracts for peer-to-peer trading and this eases the process of buying and selling for traders looking to make large OTC transactions. 

Hodl Hodl even has a privacy mode called “Private Offers” which allows traders looking to deal off the public order book to connect with other buyers/sellers through a special link. L2B Global, a regulated European broker, facilitates OTC transactions and also handles custody-based transactions on the buy and sell-side. The company is deeply liquid and its banking and compliance network allows them to quickly process large transactions without a hiccup.

Binance Banner  

Traders Access Deep Liquidity at Lightning Speed

Initially, the partnership between the two companies will focus on the provision of a one-stop solution for all OTC participants. Hodl Hodl CEO Max Keidun said: 

Our cooperation with L2B Global will be able to add more liquidity to hodlhodl.com…in the upcoming months, we plan to expand our newly formed OTC desk to Europe, Central Asia, and the Middle East.” 

Keidun also said the company plans to move into the Eastern European regions as the “region lacks a proper OTC solution while having huge liquidity and significant interest in Bitcoin from wealthy families and institutional players. 

L2B Global also believes that Hodl Hodl’s multi-signature settlement and arbitration system will enable the firm to quickly process high volumes and transaction settlement for clients. LB2 Global CEO Nik Oraevskiy explained that “Until now, our matching deals relied on slow legacy trust structures and mounds of paperwork” 

Crypto Can’t Be Stopped

Despite Bitcoin’s recent bearish price action, the partnership between HodlHodl and L2B Global shows that venture capitalists, hedge funds and large financial institutions are still deeply interested in participating in the next Bitcoin rally and beyond. 

Coinbase Banner  

At the moment, traders eagerly await the launch of Bakkt’s Bitcoin exchange, TDAmeritrade’s Bitcoin trading services and it could be just a matter of time before Fidelity Digital Asset Services rolls out a product aimed toward retail investors. 

The debut of multi-sig OTC contracts should also help to address the issue of OTC trades gone wrong, an issue that has somewhat frequent in the crypto-sector. The partnership also underscores the resiliency and ingenuity of Bitcoin and those working in the sector. 

After a nearly two-year delay on the approval of a Bitcoin-ETF, an approval date is still nowhere in sight. Fortunately, entrepreneurs within the space have simply shrugged off the constant resistance the sector faces from regulatory authorities and continued to innovate. 

Do you think the partnership between Hodl Hodl and L2B Global is a sign of mass Bitcoin adoption? Share your thoughts in the comments below! 

FreeBitcoin Banner  

Images via Shutterstock

The Rundown

Go to Source
Author: Eustace Cryptus

Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.