OTC Exchange Network Revenue and Competitors

Location

N/A

Total Funding

Fintech

Industry

Estimated Revenue & Valuation

  • OTC Exchange Network's estimated annual revenue is currently $16.8M per year.(i)
  • OTC Exchange Network's estimated revenue per employee is $130,000

Employee Data

  • OTC Exchange Network has 129 Employees.(i)
  • OTC Exchange Network grew their employee count by 2% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$1770.7M952516%$2.3BN/A
#2
$21.6M151-3%N/AN/A
#3
$5.2M5014%N/AN/A
#4
$5920M62920%$552.3MN/A
#5
$1M13-41%N/AN/A
#6
$6.4M558%N/AN/A
#7
$1.6M25-44%$44MN/A
#8
$1.4M210%$4.7MN/A
#9
$2.5M28-10%N/AN/A
#10
$3.5M34-6%N/AN/A
Add Company

OTC Exchange Network (OTCXN) is a capital markets infrastructure company using proprietary blockchain technology to eliminate the need for traditional intermediaries and trust between trading counterparties, reducing the risk, friction, and cost of trading, starting with the cryrptocurrency and foreign exchange markets. The company has developed the first provable, institutional-grade, end-to-end digital asset trading network. Our solution provides prime brokerage services where they don't exist, or where credit limits are restrictive. Trades occur as an atomic exchange on a transparent and provable asset ledger, allowing for instant clearing and settlement. We improve and replace financial market trading infrastructure by delivering an institutional-grade P2P trading platform. Trading entities benefit from pooled liquidity from multiple exchanges and liquidity providers, as well as a full suite of tools covering the entire trade-to-settlement life-cycle, including: RFQ Trading for OTC ~ Execution Algorithms ~ Real-Time, Pre-Trade Credit Check ~ Access Through Web and Desktop UI ~ Matching Engine ~ FIX API for Makers and Takers ~ Liquidity Aggregation ~ Post-Trade Messaging ~ Smart Order Routing ~ Cryptographic Database Unique Technology Solution For Atomic Exchange Of Fiat And Crypto: > Assets stay in your account at your custodian > Trade off-exchange with any counterparty > Blockchain-based technical escrow with no initiator risk > Professional RFQ-style workflow > Instant settlement and marketability of assets > No technical integration required Unique Technology Solution For Cross-Exchange Trading, Clearing and Settlement: > Liquidity from multiple exchanges > Assets stay in your account at your custodian > Reduces critical counterparty and settlement risk factors > Consolidated order book > High-performance FIX API connectivity > Secure and provable blockchain solution New Business And Revenue Line For Custodians: > Facilitates digitization of assets > Access to pipeline of large global FX and Crypto institutions > Potential new revenue line tied to transaction fees OTCXN for Foreign Exchange: We welcome all institutional market segments including Prime Brokers, Non-Bank Market Makers, Regional Banks, Custodians, Retail Brokers, Institutional Investors and Corporates. Foreign Exchange (FX) trading is the largest market in the world, and at $5.1 Trillion per day in average trading volume, it's more than 15X larger than all global stock exchanges combined. Of this, $1.7 Trillion per day is Spot FX, which represents the market that OTCXN is focused on initially, with support for Swaps, Forwards, NDFs also planned. FX is a fragmented market with many different layers of access, pricing tiers and cost layers, depending on where you sit in the ecosystem, creating inefficiencies that otherwise would be solved by a central exchange and reference rate. Access is ultimately governed by a credit relationship at the highest level. Cost structures are amplified due to fragmentation and a high number of intermediaries involved. By leveraging proprietary blockchain technologies, we are now able to change the way trading relationships work. Our unique technology solution solves critical credit and settlement issues that currently constrains the system from achieving open access and a lower cost base. Our peer-to-peer trading network is the first of its kind, and provides uniform access to all market participants based on collateral held in their own bank accounts, not cumbersome credit lines. OTCXN delivers direct market access to wholesale pricing to all tiers of clients with complete transparency, while lowering friction, costs and risk, all without requiring clients to make significant technology changes.

keywords:Financial Exchanges, Blockchains, Financial Technology, Digital Currency

N/A

Total Funding

129

Number of Employees

$16.8M

Revenue (est)

2%

Employee Growth %

N/A

Valuation

N/A

Accelerator

OTC Exchange Network's People

NameTitleEmail/Phone
1
founder & chief executive officerReveal Email/Phone
2
head crypto product & salesReveal Email/Phone

OTC Exchange Network News

2022-04-17 - 5 Securities and Exchanges in Focus Despite Industry Headwinds

The Zacks Securities and Exchanges industry comprises companies that ... markets, non-transaction related opportunities, OTC offerings,...

2022-04-13 - Data: Bitcoin Whales Are Increasingly Preferring OTC Deals Over Exchanges | Bitcoinist.com

In simpler terms, this metric tells us what part of the total transactions on the network involve the usage of exchanges. When the value of this indicator...

2022-04-13 - OTC Markets Group Welcomes Azimut Exploration to OTCQX

NEW YORK, April 13, 2022 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international...

2019-09-08 - Gemini Has Launched a New Service to Make OTC Trading Available for...

According to the company's blog post, off-exchange or OTC trades on ... announced its partnership with Silvergate Exchange Network (SEN), ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$26.3M12913%$35M
#2
$18.7M129-12%N/A
#3
$18.7M12911%$126.9M
#4
$32.8M12915%N/A
#5
$18.1M129-18%$52.5M