itBit Offers Incentives for Bitcoin Traders to Switch Exchanges
Singapore-based exchange itBit recently built a trading-specific platform for bitcoin; now it is offering a cut-price promotion in an attempt to draw in new customers. The company has not had any of the problems that other exchanges have been experiencing lately. In fact, itBit CEO Rich Teo has said that recent events have led to increased interest in his company's platform. "Based on the way our wallet is built, we weren't affected. We haven't seen any issues," he said. Near the end of last year, itBit received $3.2m in venture capital, bringing its funding total to $5.5m. Cold storage.....
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Users of Bloomberg terminals can now track bitcoin pricing data from itBit, including USD, EUR and SGD trading pairs. Although still relatively young, the Singaporean exchange has expanded rapidly. At the end of last year, itBit received $3.2m in venture capital, bringing its current funding total to $5.5m. The Bloomberg Professional service has more than 320,000 subscribers and the decision will undoubtedly give the Asian exchange greater exposure worldwide. Targeting professionals. ItBit describes itself as a bitcoin exchange for professionals, with reliable deposits and withdrawals,....
CoinDesk is pleased to announce the addition of Coinbase and itBit to its Bitcoin Price Index (BPI). First launched in September 2013, CoinDesk's BPI provides the most accurate bitcoin price using an average from the world's leading exchanges. Boasting a BTC/USD combined trading volume of approximately $3.6m in the last 24 hours, Coinbase and itBit join previously approved exchanges Bitstamp, Bitfinex, BTC-e and OKCoin. Jon Matonis, editorial board member at CoinDesk, commented on the integration: "Coinbase and itBit have each demonstrated consistent volume and growth over a significant....
Singapore and New York based bitcoin exchange itBit has introduced its itBit Global OTC Agency Trading Desk, a service that specializes in facilitating over-the-counter (OTC) transactions. OTC transactions are bulk trades for bitcoin that are made outside of an exchange's regular order book. It is an often used form of trading when large amounts of bitcoin are involved, in order to prevent bitcoin's exchange rate from either slipping or rising due to one large volume buy or sell. Bobby Cho, Director of Trading at itBit, said: “Up until now, the OTC bitcoin trading market has been operating....
A new bitcoin exchange has launched, folks. Dubbed itBit, this new exchange has come to live with about $5.5 million in funding (after two rounds). The exchange began trading operations today for institutional and retail traders for mostly non-US organizations. Rich Teo, who has previously worked as a senior analyst at Cedar Hill Capital Partners and at Citigroup will be commanding the operation, and already, the company has offices in New York, Singapore, and even Shanghai. According to The Genesis Block, "Trading will be available is USD, SGD and EUR, with fees based on a maker-taker....
ItBit becomes the first US regulated exchange, but the EU might be about to harmonize digital currency law for 500 million people. On Thursday, May 7, Ben Lawsky tweeted out the now signed charter for ItBit, confirming its status as a registered trust business. This move allows ItBit to operate an online currency exchange between USD or other fiat currencies, and something like Bitcoin. Addressing the move in a press release on Thursday, Lawsky explained how he saw the chartering of ItBit as an important step in legitimizing and harnessing the potential of digital currencies for investors....