Bithumb, one of the largest cryptocurrency exchanges in South Korea, has officially launched an over-the-counter trading desk under its Ortus brand. The company announced the news in a press release published on February 7.
Bithumb Global Limited, a Hong Kong-based entity, owns the rights to the Ortus brand, a block deal matchmaking service specifically made for global institutional clients.
“Ortus will operate to allow institutions to buy and sell digital assets through a network of global liquidity providers and benefit from a competitive and best price execution service,” said Rahul Khanna, Bithumb’s director.
Clients will have to go through “strict” onboarding processes, Bithumb said in the release, including know-your-customer (KYC) and anti-money laundering (AML) documentation. Once approved, clients will be able to utilize Ortus services such as monitored fund transfers from insured custodian wallets.
Bithumb prizes itself as being the largest OTC desks and liquidity provider and offers its clients support from its global offices in the U.K., Hong Kong, Japan, Australia, and Argentina.