OTCXN Adds Crypto Ecosystem ‘BCause’ To Its Network

Full-stack ecosystem BCause has become the latest cryptocurrency firm to join the network of OTCXN, a San Francisco-based blockchain-powered capital markets infrastructure company.
According to an official announcement by OTCXN, the BCause ecosystem contains within itself “one of the largest institutional mining facilities in the US.” The company is also allegedly planning to add a spot exchange and a regulated derivatives exchange, as well as a regulated clearinghouse and crypto custody service.

Rosario M. Ingargiola, CEO and Founder of OTCXN, said in the same announcement that BCause will benefit from OTCXN’s institutional order flow, which will allegedly increase order flow on BCause’s exchanges.

“Crypto Currencies Get Institutionalized” panel discussion CEO Rosario Ingargiola.

— OTCXN, Inc. (@OTCXN)

Perhaps more importantly, however, is. Frederick J. Frede, CEO of BCause LLC, said that “BCause has institutional customers who pay via cryptocurrency, therefore, it is critical for us to have the ability to convert this into fiat instantly with no counterparty risk.”
OTCXN Recently Launched ‘LiquiMatch’ Trading Engine, Added Crypto Partners and Clients
The addition of BCause to the OTCXN network comes soon after, OTCXN’s matching engine. LiquiMatch has been built to act as a “Dark Pool and Lit Central Limit Order Book hybrid [electronic communication network] for cryptocurrencies.” In other words, trades on LiquiMatch will not be made public unless customers opt to make them so.

OTCXN is proud to announce the launch of its LiquiMatch FX ECN! This unique ECN is an institutional-only foreign exchange dark pool embedded in a lit pool, providing users with multiple trading options simultaneously.

— OTCXN, Inc. (@OTCXN)

Additionally, at least four other digital asset- or cryptocurrency-related companies have formed important relationships with OTCXN over the course of the last month.
On January 7th, the company signed Hong Kong-based OTC digital asset brokerage company OSL as a Core Liquidity Provider in cryptocurrencies. on January 10th.
Then, on January 14th, Australian cryptocurrency exchange “to bring institutional order flow to its exchange to increase liquidity for its growing client base.” Three days later, on January 17th, European crypto asset investment solution provider TokenSuisse joined the OTCXN network.