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Founded by Dan Notestein in 2015 Blocktrades is a market making website where you can purchase various cryptocurrencies for one contract development work on the Bitshares blockchain and the upcoming Peerplays blockchain, and for technical support of OpenLedger's deposit/withdrawal gateways. The website intends to enables users to rapidly and safely purchase cryptocurrencies without the hassles typically associated with purchasing through a centralized cryptocurrency exchange. Unlike a traditional exchange, customers don't need to maintain a balance on the site.

Since the firsts Steemit payouts in July 4th 2016 steemians can trade STEEM Tokens in Blocktrades, exchanging for other cryptocurrencies like Bitcoin.[1]

As an over-the-counter (OTC) market, Blocktrades differs from an exchange market, the one other of the two basic ways of organizing financial markets. In an OTC market, dealers act as market makers by quoting prices at which they will buy and sell a security or currency. A trade can be executed between two participants in an OTC market without others being aware of the price at which the transaction was effected. In general, OTC markets are therefore less transparent than exchanges and are also subject to fewer regulations.

The Blocktrades website is owned by BlockTrades International Ltd. that is a registered company in the Cayman Islands.


  1. BlockTrades adds support for directly buying/selling STEEM Written by Dan Notestein on in 5/2/2016


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