OTCXN Acquires Ogg Trading, Onboards Former Hotspot CEO

[kreslik.news]

OTC Exchange Network (OTCXN), an institutional trading network and infrastructure provider utilizing blockchain technologies, has acquired Ogg Trading, a New York-based provider of institutional trading technology in the foreign-exchange markets.

The deal creates a “digital asset trading network” that offers the same level of security, compliance, KYC and AML procedures as its established operations. It caters to existing and potential clients who asked for an efficient platform to trade with like-minded institutions.

OTC Exchange Network added that the buyout of Ogg helps accelerate the adoption of its blockchain-powered trading infrastructure platform in both the FX and cryptocurrency markets.

The acquisition is also ... (read more)