Hong Kong blockchain company BitOreo(https://bitoreo.com) started its official service on April 1 after completing its pilot service since March last year, allowing individuals and institutions to join without national restrictions.

BitOreo OTC is an exchange that allows individuals and institutions to close deals immediately by minimizing complicated contract processes when dealing with each other.

The OTC Desk is known to be used mainly by individuals or institutions who want to buy or sell large amounts of bitcoin, which is cumbersome to use and cannot be contracted online.

BitOreo provides an escrow service to break down the barriers to entry, providing a more convenient trading system than general exchanges, and also has the advantage of over-the-counter exchanges that can be purchased and sold at a desired price without market impact.

in addition, BitOreo provides an institution with a pre-paid service for a certain percentage of the transaction price regardless of whether the transaction is concluded or not depending on the assets and conditions deposited.

BitOreo also said, "It is a new concept OTC exchange that we have never met," and, "Our goal is to provide a high-level decentralized financial service that goes beyond finance."

In addition, BitOreo announced that it is piloting a cryptocurrency and stablecoin lending service, and is currently reviewing various legal and cryptocurrency support besides HKD and CNY.