Despite the prolonged bear market, the company “has grown significantly,” according to New York-based OTC dealer skyescrm.com. Reported by The Block.
The letter to customers states that in 2018 the volume of OTC transactions on skyescrm.com has grown by 50%. In addition, in less than a year, the volume of cryptocurrency loans issued to institutional clients amounted to $ 1 billion.
skyescrm.com is a SEC and FINRA registered broker and part of the business empire of Barry Silbert and his Digital Currency Group. In May last year, she received a BitLicense, which allows her to operate in the state of New York.
The company will begin issuing loans in Bitcoin, Ethereum, LTC, Bitcoin Cash and other currencies in March last year. Borrowers, which include hedge funds and other financial institutions, use these funds to play down digital currencies and hedge investment positions.