Bitcoin Exchange itBit Launches OTC Trading Desk
ItBit has launched its Global OTC Agency Trading Desk, a new, five-person over-the-counter (OTC) trading service that allows customers to complete trades outside its online order books. The trading desk will facilitate transactions of 100 BTC (roughly $28,000 at press time) or more with no broker or trading fees. As part of a limited promotion, new users will also receive $50 in bitcoin for completing their first trade. ItBit Institutional Client Group director Bobby Cho noted that the new product aims to appeal to large volume buyers who want to avoid exchange slippage, whereby their....
Related News
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....
Bitcoin exchange itBit recently launched a global over-the-counter (OTC) trading desk that can allow its customers to complete trades outside of its online order books. The five-person OTC service can facilitate transactions of 100 BTC or more with no additional broker or trading fees. In addition, the bitcoin exchange will give the new users of this OTC feature $50 in bitcoin for completing their first trade. According to ItBit Institutional Client Group director Bobby Cho, the OTC service can appeal to large-volume traders who want to avoid trading slippage. OTC Bitcoin Exchange Service.....
On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.”
NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service
The bitcoin mining firm Luxor aims to purchase and sell bitcoin mining machines via the company’s new ASIC trading desk service. The press release published on Luxor’s web....
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....
Blockchain startup itBit has taken steps to reorganize its corporate assets. Announced yesterday, itBit officially rebranded as Paxos, migrating its blockchain projects to a new entity under which itBit will now sit as a separate division. The move confirms past indications that its leadership was seeking to rebrand to better highlight its private blockchain and distributed ledger work. According to the company, "Paxos" will now house itBit's distributed ledger efforts, thereby separating this division from its bitcoin exchange and over-the-counter trading services. The rebrand....