According to PANews, financial services platform Matrixport has announced the integration of Fly Wing Technologies Pte Ltd's over-the-counter (OTC) services into its app, aiming to provide a seamless cryptocurrency trading experience. Users with accounts verified by Matrixport are required to complete Fly Wing's electronic Know Your Customer (eKYC) process to access these OTC services.
Unlike traditional customer-to-customer (C2C) services, Fly Wing's OTC offering facilitates fund transfers through bank transactions with partner banks, ensuring asset security and transaction transparency. This service is designed to be both compliant and convenient, with the goal of lowering the entry barriers for traditional financial investors into the cryptocurrency market. Currently, the OTC feature supports transactions in USD, USDT, and USDC.