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Japanese cryptocurrency exchange Coincheck has added support for Ethereum (ETH) and Ripple (XRP) on its recently launched over-the-counter (OTC) trading platform.
【大口OTC取引の対象通貨に「ETH」「XRP」が追加されました！】
— Coincheck(コインチェック) (@coincheckjp) April 15, 2019
2019年4月1日から開始しております大口OTC取引サービスにて、新たに「ETH」「XRP」が対象通貨として追加されましたことをお知らせ致します。https://t.co/PDi6ynqP3R
Currently, Ethereum (ETH) and Ripple (XRP) are the second and third largest cryptocurrencies by market capitalization respectively.
The OTC service was launched earlier this month with bitcoin (BTC) support. It allows large investors to quickly trade large amounts of virtual currency at once and at “attractive prices.”
Coincheck said that OTC trading is conducted on Coincheck service (WEB), adding that trading using the Coincheck app and API is not supported at the moment.
The exchange suffered a major $530 million hack last January and was subsequently acquired by Japanese online brokerage firm Monex Group. Earlier this year, it received the license to continue its operations as a cryptocurrency exchange.
According to a financial report released at the end of January, Coincheck had halved its losses in Q3 as compared to the previous quarter, Cointelegraph reported.
