Blockchain Enters the OTC Cryptocurrency Market
One of the largest cryptocurrency wallet providers Blockchain, has reportedly opened an OTC desk. The firm currently operates Blockchain.com one of the largest cryptocurrency companies providing an easy and safe way to access crypto.
Blockchain.com currently operates in 140 countries providing aggregated data. This data can be used to monitor the markets to inform investors when to sell their Bitcoin. The company is one of the largest providers of Bitcoin wallets with over 29 million created. They have a huge user base but do not offer many services to sell crypto.
The new OTC desk will see the execution of large Bitcoin transactions from public exchanges such as Coinbase and Bittrex as is Blockchain’s ambition to attract asset managers and hedge funds to sell Bitcoin through this service.
Blockchain has further plans down the line to aid institutional investment one being a custody service. Traders that buy and sell cryptocurrency will be able to safely store their coin and tokens through Blockchain’s custody service.
Blockchain is one company at the forefront driving blockchain and cryptocurrency innovation. They hope to be able to improve the market structure and infrastructure of crypto to improve the ecosystem and increase adoption. By doing so they might be able to attract investors to sell Bitcoin through their services.
Have you checked out BC Bitcoin’s OTC Desk? You can also cash out crypto through our site so make sure you look!
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards