MONTREAL--(BUSINESS WIRE)--Shakepay, the easiest platform for Canadians to buy and sell digital currencies, has launched an over-the-counter (OTC) trading desk to service high net-worth individuals, businesses, and institutions in Canada. The official introduction of Shakepay OTC offers large value trading of Bitcoin (BTC) and Ethereum (ETH) and guarantees settlement in one business day.
As a federally-licensed money service business partnered with a Schedule 1 bank, Shakepay OTC offers trading for transactions over $50,000. Buyers and sellers of digital currency who conduct large value transactions benefit from utilizing an OTC desk, such as Shakepay OTC, as it minimizes counterparty risk and prevents slippage or price increases when trading on marketplace exchanges.
“Shakepay OTC was launched as a response to the overwhelming demand for a personalized service for large volume trading,” says Shakepay CEO Jean Amiouny. “Our lightning-fast service will settle transactions in one business day, which is unheard of in this market, and a standard our customers are quickly getting accustomed to.”
Following a 12 month pilot, Shakepay OTC is the fintech company’s latest service offering and joins Shakepay’s consumer-focused digital currency wallet launched earlier this year. Since 2015, Montreal-based Shakepay has served over 40,000 clients, transacted over $30 million dollars, and continues to expand its capabilities to fulfill the needs of investors big and small.
“This is the next step in our mission to create open access to building wealth,” explains Amiouny. “As the market is growing, larger players will be entering, and Shakepay is well-poised to service their needs.”
Shakepay is a Montreal-based technology company providing financial applications to create open access to building wealth. The platform enables Canadians from all walks of life—college students, retirees, and large investors—to buy and sell Bitcoin and make payments to friends and family. For more information, visit https://shakepay.co.