Octagon Strategy Adds Ethereum Tradingbr>
Hong Kong-based Octagon Strategy has announced support for trading ethereum on its OTC trading desk.
Octagon Strategy is a privately-owned company specializing in commodity and digital asset trading across international markets. The company focuses on digital assets like bitcoin and Dash, among others.
The announcement marks the first time ethereum has been available to buyers in Hong Kong, according to the company.
“This new offering further solidifies our position as Asia Pacific’s leading digital asset trading desk,” said Octagon Strategy head trader Ryan Rabaglia. “Since we formally launched in 2016, cryptocurrencies have grown at a breakneck pace. Whilst our largest traded asset remains bitcoin, we are observing buyers diversifying into other digital assets. Recent news coverage and high prices have driven interest in the wider digital assets sector. In the past year, the total market cap for ethereum has risen from $875 million USD to over $4 billion USD. Savvy buyers have been clamoring for access to the market and the challenge for interested parties has traditionally been the difficulty to enter.”
The market for ethereum has soared 90 percent this year alone. It’s the second largest cryptocurrency behind bitcoin, which has gained 24 percent in the same span.