📠 Square reveals move to OTC trading

Payment provider Square disclosed that it had moved its bitcoin ($BTC) trading from public exchanges to private OTC exchanges in Q2'18. Square's Cash App allows users to send and receive payments in addition to trading bitcoin with no fee. Private markets can help Square avoid price slippage and maintain confidentiality for its trading which brought in $400,000 in profit on $34 million in revenue during the past quarter.