Ethfinex Trustless, the largest hybrid decentralised cryptocurrency exchange, 
is proud to launch a blockchain enforced Over-the-Counter (OTC) service in an 
industry first. 

Over-the-counter (OTC) trading desks are widespread in cryptocurrency markets, 
facilitating large trades between parties so as to prevent the wider market 
from being affected by the price fluctuation. Traditionally this incurs high 
costs to participants and trust in an escrow. 

Ethfinex Trustless OTC revolutionises this model by using the blockchain to 
enforce the deal in an atomic transaction. This market first removes the need 
for escrow, and opens up OTC to anyone through significantly lower fees at 
0.02% (vs 2-5% on more traditional OTC desks). Additionally, as there is no 
centralised order book or matching engine, there are no restrictions on what is 
traded on Ethfinex Trustless OTC (provided the products are not financial 
instruments). Customers can trade any ERC20 token, and even specify custom 
Ethereum addresses for tokens which are not currently listed on any exchanges. 
Will Harborne, Founder of Ethfinex Trustless states:

"Extending the capabilities of Ethfinex Trustless to include an OTC service is 
an important step in fulfilling the potential of decentralisation in the 
cryptocurrency market. It opens the doors to those previously prohibited by 
expensive OTC desks, and provides security in blockchain enforced atomic deals. 
Customers no longer have to place trust in a third party, or take the risk of 
trades directly with the counterparty themselves." 

With no sign-up process or KYC, customers can get started by connecting their 
wallet at trustless.ethfinex.com/otc today. U.S. persons and persons from other 
restricted jurisdictions are not permitted to participate in Ethfinex Trustless 
OTC. 

About Ethfinex Trustless: Launched in September 2018, Ethfinex Trustless is the 
world's first trustless exchange interface using the Ethereum blockchain that 
can connect directly into a centralised exchange.  With full control of assets, 
no deposits and withdrawals, and a direct connection to the Bitfinex order 
books, it has become one of the largest exchanges making settlements on the 
Ethereum blockchain. 


SOURCE:  Ethfinex Trustless