Following the crypto-company Circle’s blog post, we find out in today’s crypto news that the company executed more than 10,000 trades in 2018 which make up to $24 billion worth of trades. The OTC trading volumes are usually not reported in the public and given the information, this is a massive amount of money for the entire ecosystem. Circle executed over 10,000 with 600 different parties in 2018 spanning over 35 assets where the most common users of the desk include hedge funds, miners, trading firms and crypto funds. Despite the bear market, Circle Trade successfully expanded:

‘’Circle Trade, has continued to expand despite a tumultuous year for the industry: we onboarded a record number of new institutional clients, grew our trading operations to 24/7 with coverage in the US, Europe and Asia’’

The company now has hundreds of institutional partners from all around the world which also lead to an increase in work power- hiring about 150 new people. However, apart from the OTC desk, Circle also acquired Poloniex which was one of the first crypto exchanges. The exchange went through a lot of upgrades such as improving the identity verification process. Poloniex also managed to add some new tokens last years such as EOS, SNT, KNC, and BAT but it also delisted about 20 tokens too. Another great thing that happened for Circle this year is the improved guidelines and framework for reviewing assets after introducing the Circle Asset Framework. The company noted: ‘’We believe more traditional assets will become securitized through tokenization, and that includes shares in companies, debt and other lending contracts, and other forms of property and value.’’

DEJA UNA RESPUESTA

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