Shakepay Introduces Crypto OTC Trade Desk in Canada

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Shakepay Launches Crypto OTC Trade Desk

Shakepay, a Montreal-based crypto startup, has launched an over-the-counter (OTC) trading desk to serve high net-worth individuals, businesses and institutions in Canada looking to exchange large value of Bitcoin (BTC) and Ethereum (ETH).

Shakepay OTC was launched in response to the “overwhelming demand for a personalized service for large volume trading,” Jean Amiouny, CEO of Shakepay, said in a statement.

The service, open to transactions over CA$50,000 for BTC and ETH trading pairs, settles transactions in one business day and charges a 0.75% trading fee.

Shakepay, a federally-licensed money service business, partnered with a Schedule 1 bank to offer Shakepay OTC which had been in a pilot phase for 12 months before launching.



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