Kraken OTC Desk Head: buying and selling quantity has elevated by 2,000% since 2018

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Nelson Minier, head of over-the-counter (OTC) buying and selling on the principle cryptocurrency platform Kraken, has said that the OTC desk transactions have elevated by an element of 20 for the reason that starting of final 12 months.

Minier gave his feedback in a single episode from The Block's podcast, The Scoop, on August 20. Minier additional famous that & # 39; Bitcoin and Ether are the massive ones – the whales from our workplace & # 39 ;, and in addition estimated that Bitcoin (BTC), Ether (ETH), Bitcoin Money (BCH), Monero (XMR) and Tether (USDT) the highest 5 cryptocurrencies have been traded per quantity.

Minier additionally gave his projections on BTC worth and mentioned:

"I don't see the demand for this asset fall. However I do know that in some unspecified time in the future the provide might be halved in Could 2019. And I feel one other factor I learn about Bitcoin is {that a} larger worth is the very best advertising device that we have now. "

Kraken & # 39; s lawsuit regarding OTC location

In April, former Kraken worker Jonathan Silverman sued the platform for greater than $ 900,000. Silverman allegedly managed Kraken's commerce desk in New York, however was not compensated in accordance with an oral settlement with Jesse Powell, the founding father of Kraken. Silverman additionally indicated that Kraken lied that he was not energetic in New York. In his lawsuit, Silverman mentioned:

"Misrepresentation to public and authorities regulators that it was not energetic in New York; whereas in actuality the OTC observe of Kraken and the OTC commerce (together with logging in to the Kraken trade and negotiating switch) befell nearly solely in New York. "

Nonetheless, a Kraken spokesperson, Christina Vee, replied that Silverman & # 39; lied each and in violation of his confidentiality settlement & # 39 ;.

Kraken's web site issues

As earlier than reported as a result of Cointelegraph, Kraken has just lately encountered issues with its web site and software programming interface (API). On August 13, Kraken introduced on Twitter that it was receiving reviews of connection points, each for the positioning and for the API.

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