Coindirect Launches South Africa’s First Ever Brokerage-Style Crypto Platform

Coindirect has announced the launch of its brokerage system, directed towards large volume cryptocurrency transactions capacity.


Cryptocurrency platform Coindirect has launched a brokerage system aimed at traders looking to do large volume cryptocurrency transactions. The “over-the-counter” (OTC) model, introduced this month, is a first in South Africa and sets Coindirect apart from its local competitors in the market. 

Says Nic Haralambous, Coindirect’s COO, “During our first two years in the industry we have paid close attention to which users are driving the volume of crypto trading. Our approach is to bring cryptocurrency to as many users as possible, however, the data shows that a majority of the daily trading volume in South Africa right now comes from a very small percentage of traders.” 

Those traders spend an inordinate amount of time doing research in the market as they look to make large volume transactions, at the best price available, for the lowest fees. Coindirect’s OTC model offers a solution to this challenge. Tailor-made for high volume traders, the platform uses global integrations to create a wide pool of liquidity sources that enable a Bitcoin price guarantee. 

Coindirect, unlike many other South African and global exchanges, acts as a trading desk. Bitcoin quotes are locked in once confirmed and are processed instantly with no fees for conversion when using the Coindirect wallet, and no slippage. Through the OTC desk, traders are able to avoid lengthy transactions (on some exchanges, the delay is upwards of 12 hours during which the price may fluctuate) as well as avoid a fee of up to 2% charged by other exchanges for an instant large volume trade. 

Traders who are interested are able to register with no commitments at

In addition to the OTC  model, the product and development team at Coindirect has also bolstered the platform with several new updates in recent weeks including credit card payments (supporting both Mastercard and Visa), instant withdrawals, and higher limits for transactions. 

All the recent changes made to the platform have been made to ensure that our customers are afforded the most convenient and secure trading experience. Many of the updates have been the result of discussions with traders on what they need to take their Bitcoin trading to the next level. We have always envisioned Coindirect as a platform that exists as a solution, and the OTC model is just that,” concludes Haralambous. 

Related Articles

Mastercard: 40% of people intend to use crypto in a year

A research conducted by payments giant Mastercard has found that 40% of users would be open to using crypto for payments in the next year.

Ethereum and Dogecoin surge while Bitcoin battles

Ethereum and Dogecoin are well ahead in the altcoin rally, breaking records and not showing any signs of slowing down.

Binance CEO: Volatility not unique to crypto market

Binance CEO Changpeng Zhao commented that the cryptocurrency industry isn't as volatile as other markets in volume and values.

Andreessen Horowitz to launch a third cryptocurrency fund

News is the venture capital firm is looking to invest significant weight into the cryptocurrency industry with a third fund.

See All