Well-known exchange acquires large OTC platform, integration trend in the encryption industry becomes apparent.

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Recently, a well-known crypto assets exchange announced the acquisition of one of the industry's renowned OTC Trading ( OTC ) service platforms. This acquisition will significantly expand the exchange's OTC business scale, increasing its operational team to over 20 people. It is reported that the exchange's OTC business will be led by a senior individual with extensive experience on Wall Street.

Industry insiders revealed that the acquired OTC Trading platform has been seeking buyers since this summer. The platform had a nominal trading volume of up to $24 billion in 2018. However, in March this year, the company that owns the platform had to lay off about 30 employees in the finance department, accounting for approximately 10% of its total workforce, due to challenges in the U.S. regulatory environment. Additionally, the platform is facing issues of talent loss, with several key personnel, including its former OTC business director, leaving one after another.

It is worth noting that the company owning the acquired OTC platform has recently made frequent adjustments to its business structure. The company has announced the suspension of operations for its research department and payment application. More notably, the company acquired one of the world's largest digital currency exchanges at a high price of $400 million in early 2018, but in October of this year, the exchange announced that it would be spun off from the company and taken over by an Asian company.

This series of actions reflects the rapid changes and challenges in the Crypto Assets industry. The uncertainty of the regulatory environment, market volatility, and business restructuring are all driving industry participants to continuously adjust their strategies. The acquisition of this OTC Trading platform may signify a new trend of consolidation in the industry, and also highlights the important role of OTC Trading in the Crypto Assets ecosystem.

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HodlBelievervip
· 07-24 09:17
Let the data speak, the acquisition can increase ROI by at least 28%.
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AirdropHustlervip
· 07-21 22:53
Let's just do it, anyway it's all about Be Played for Suckers.
View OriginalReply0
BearMarketSurvivorvip
· 07-21 16:37
Be Played for Suckers in the bull run, and here comes the play people for suckers again.
View OriginalReply0
BottomMisservip
· 07-21 16:25
Big fish eats small fish, what's the suspense?
View OriginalReply0
AirdropHunterWangvip
· 07-21 16:23
Another one has collapsed.
View OriginalReply0
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