Unocoin Announcement – Launching OTC Platform for high volume trades
Unocoin is India’s leading bitcoin company, has 90,000+ customers and is growing at a rate of 10-20% month over month. A bitcoin-OTC is an over-the-counter marketplace for buying or selling bitcoin for traders looking to trade in bulk with the minimum order of 25 BTC. Each order placed on the OTC platform may be tailored to match based on parameters such as ‘greater than’, ‘less than’, or ‘equal to’ a reference price from popular platforms such as: coindesk, localbitcoins, bitstamp, btcxindia, zebpay etc. For example: A customer may place an order to buy 50 BTC when the price is less than....
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In its official statement, UnoCoin explained how it plans to execute large Bitcoin orders, stating that they will be tailored according to reference prices on other platforms In light of Bitcoin’s growing demand in Indian sector, Unocoin, a startup from Karnataka, has come up with a plan to facilitate higher liquidity for serious traders. The Bitcoin exchange today announced that it has launched an over-the-counter (OTC) marketplace for traders who wish to purchase and sell Bitcoin in large quantities. The feature aims to bypass stringent exchange requirements in order to meet higher....
Over the past few months, local Indian Bitcoin exchanges including Unocoin have shown enormous growth, primarily due to the demonetization of banknotes and the financial crisis which subsequently hit the Indian economy. In November and December, Unocoin hit record-breaking trading volumes, reaching the highest total monthly Bitcoin trading volume in November. The company also announced that it obtained the most users in a month in November, after the announcement by Indian Prime Minister Narendra Modi to impose strict financial regulations. A Unocoin spokesperson tweeted: November was yet....
Unocoin.com is India’s most popular bitcoin wallet. The company makes it super easy to securely buy, use and accept bitcoin. Unocoin is one of many bitcoin wallet and broker services that allow users to buy and sell bitcoin, then either let them hold it or send it to an address only the user has control. Unocoin, with offices in Bangalore and Tumkur, has been providing Bitcoin trading, storage, and merchant processing to the public in India since December 2013. Unocoin is also India’s number one bitcoin company. It currently holds about 40,000 users registered and with these numbers....
Unocoin, a trading platform in India, has reportedly been at the center of an intensifying debate in India over the legality and regulation of Bitcoin. The trading platform portends to be India's Bitcoin Exchange, and has shut down once before due to uncertainties over Bitcoin in the country. According to a BitcoinTalk Bitcoin Forum Hero Member, Dashingriddler (OP), who claims to be affiliated with the Unocoin team, the company's directors were asked to visit their local authorities this week. As OP writes, The officer is bothered about bitcoins coming to India bypassing the regulated....
Indian bitcoin exchange Unocoin recently announced its over-the-counter (OTC) marketplace. The company, founded in 2013, has over 90 thousand customers and a growth rate of 10-20% per month. Unocoin says it is continuing its mission to bring cryptocurrency feature services to the citizens of India. Unocoin Launches OTC Marketplace. Unocoin has launched....