Coincheck Exchange Adds Ethereum And Ripple to Its New Over-the-Counter Trading Desk

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Japanese cryptocurrency exchange Coincheck has added its first two altcoins to its recently launched over-the-counter (OTC) trading desk, Cointelegraph Japan reported on April 15.

Coincheck, which began operating its OTC service with Bitcoin (BTC) at the start of the month, now also offers Ethereum (ETH) and Ripple (XRP), the second and third largest cryptocurrencies by market cap respectively.

OTC desks offer specialized services for large-volume traders, allowing them to save on fees and skirt what would otherwise be considerable hurdles purchasing or selling major crypto investments via standard methods.

The feature has become popular among major exchanges worldwide, Cointelegraph previously reporting on their continued emergence despite the ongoing crypto bear market.

According to a blog post from Coincheck today, the

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