Whale Call: AirSwap Decentralized Exchange Upgraded for Any Size Trades

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AirSwap is rolling out some pro tools to attract institutional investors to its decentralized exchange (DEX) for ethereum tokens. Revealed exclusively to CoinDesk, the company is this week launching an interface for so-called over-the-counter (OTC) block trading. While to date AirSwap users have been signaling their intent to buy or sell a certain amount of tokens at a certain price on a take-it-or-leave-it basis, the new front end includes a chat feature so traders can negotiate the terms privately. Large, sophisticated investors often prefer trading this way rather than broadcasting a large order that could move the market. The new interface also includes an identity verification system, with the ID checks performed externally by Wyre, a regulated money services business (MSB). This helps institutional players such as broker-dealers to comply with regulations that require them to know who they are trading with. Put together, these features should address the