Bitcoin app BitKan adds over-the-counter trading

BitKan announced it has added OTC (over-the-counter) trading to its three-year-old mobile app.

Over-the-counter trading differs from exchange trading in that trading is done directly between two parties, without any supervision of an exchange.

“BitKan OTC is based on platform-level trade matching. Two types of users exist on BitKan – one is the ‘trader’, the other ‘general’. A ‘trader’ can be seen as a fiat-bitcoin exchange while a ‘general’ as the exchange’s client. The general user is able to use fiat to trade bitcoin and vice versa,” said BitKan.

BitKan is a China based company known for their data and trading services that works via bitcoin.