U.S. crypto exchange Bittrex is launching an over-the-counter (OTC) trading desk.
The new service, which will allow approved clients to "quickly and conveniently trade assets," will support nearly 200 cryptocurrencies already offered by the exchange, the company announced Monday. According to the exchange, the OTC desk will provide "guaranteed pricing" for major trades, "typically $250,000 or greater."
OTC trading desks facilitate direct transactions between two parties, unlike exchange trading where buy and sell orders are matched through an order-book.