Coinbase to track off-exchange transactions from Dutch customers

In a new blog post published Thursday, Coinbase says that starting Monday, all of its customers in the Netherlands will need to complete new Know Your Customer, or KYC, requirements when transferring digital assets to wallet addresses that are not based on the exchange. This includes providing the recipient’s full name, the purpose of the transfer and the recipient’s complete residential address. Transfers between Coinbase accounts are not affected by the new rule.  The exchange noted that the change will only impact Coinbase users in the Netherlands, and is being…

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Off-Exchange or OTC Crypto Trades Now Available on Gemini Clearing

The Winklevoss brothers-led Gemini crypto exchange has introduced its new clearing and settlement product Gemini Clearing. No OTC desk on Gemini Gemini announced the new clearing and settlement solution in a blog post on Sept. 5, explaining that the Gemini Clearing allows traders to negotiate off-exchange or over-the-counter (OTC) crypto trades using Gemini accounts. Gemini Clearing is a fully digital platform providing regulated clearing and settlement services for pre-arranged off-exchange or OTC trades, which intends to reduce counterparty risk as well as ensure immediate settlements. The post clarifies that the…

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