Net Savings Link Inc. (OTCMKTS:NSAV) soared 30% after announcing plans to unveil a Premium OTC Crypto Trading Desk by mid-next month. The OTC Desk will provide private and customized services to high-net-worth customers and institutions trading large cryptocurrency blocks.
OTC Crypto Trading Desks provide enhanced liquidity, anonymity, price protection, unlimited purchase, fiat support, and rare tokens purchases. Clients will also enjoy settlement and executions services that are discreet, competitive, and secure with NSAV’s OTC Desk. Currently, almost every major cryptocurrency exchange has an OTC Desk, and the company’s management believes having one will be beneficial to the company as it moves to the next level.
Recently Net Savings launched the NSAV Exchange, which is its wholly-owned crypto exchange. The exchange is the second by a US publicly traded firm after Coinbase, which went public through an IPO in April. With the exchange launch, the company is looking to leverage opportunities in the $2 trillion crypto market. So in the coming months, NSAV is worth keeping an eye on.
Market Reaction:
On Monday, NSAV stock soared 30% at $0.0398 with more than 161.47 million shares, compared to its average volume of 105.52 million shares. The stock has moved within a range of $0.0305 – 0.0419 after opening the trade at $0.0306
