Cryptocurrency exchange Coinbase has continued to cater for their institutional clients by enabling cross-border wire transfers across Asia and Europe.

The exchange confirmed that they will now support inbound and outbound SWIFT transfers from non-US bank accounts.

In an announcement on Tuesday, they said: “This new feature will allow Coinbase customers in many countries throughout Asia and EMEA to access Coinbase’s deep pool of crypto liquidity for the first time.”

As well as the implementation of cross-border wire transfers, Coinbase also said they will offer a new OTC trading desk for US and European customers.

Customers in Asia have also been offered a new trading and custody service. This will give Asian traders access to the USDC stablecoin, which will allow them to hold an effective cash position to hedge against the volatility associated with the digital asset class.

The OTC desks facilitate large-volume trades without causing slippage on the markets. The exchange noted that trade information is confidential before stating that “only minimum trade details are disclosed.”

“Coinbase’s OTC desk is agency only, meaning that we never trade on a principal basis or against our clients [and] Coinbase never trades on a proprietary basis,” they said.

The exchange launched their first OTC desk for institutional clients in November. At the time, Christine Sandler, head of sales at Coinbase, said: “We launched our OTC business as a complement to our exchange business because we found a lot of institutions were using OTC as an on-ramp for crypto trading. We felt this was a huge benefit to our clients to actually leverage both our exchange and our OTC business.”

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