Crypto exchange firm Coindirect has reportedly introduced an over-the-counter (OTC) brokerage, headquartered in South Africa. 

Reported by CoinInsider on September 27, the platform specifically aims to generate an abundant amount of liquidity pool, via integrating with international platforms, which would as a result enables instant Bitcoin (BTC) post-confirmation, ultimately leads to free-of-charge instant processing. 

The new platform will primarily shift its focus to high-volume clients, in an attempt to steer clear from time-consuming transactional activities, nominally can last up to 12 hours. 

“During our first two years in the industry we have paid close attention to which users are driving the volume of crypto trading. Our approach is to bring cryptocurrency to as many users as possible, however, the data shows that a majority of the daily trading volume in South Africa right now comes from a very small percentage of traders.”

Per the report, aside from the launch of the new platform, Coindirect further rolled out updates to the platform, for instance credit card payments, instant withdrawals and higher transaction limits.