VICTORIA, Seychelles, July 4, 2024
/PRNewswire/ -- Bitget, the leading
cryptocurrency exchange and Web3 company, has launched
its new fiat Over-the-counter (OTC) platform for block trade.
The service initially supports Euros (EUR), Pounds (GBP) and US
Dollar (USD), soon to be extended to Turkish Lira (TRY), Brazilian
Real (BRL), and South African Rand (ZAR) for fiat to
crypto and vice-versa settlements. This new offering
caters to institutional investors and professional
crypto traders, ensuring enhanced privacy, broader
liquidity, and expedited settlements for large-order trading.
Over-the-counter trading, or OTC trading, is essential for those
looking to avoid the market impact of blocked trades. It provides
personalized, secure services, ensuring that large transactions do
not influence open market prices. Bitget's OTC service stands out
by offering professional execution, secure clearing, and
competitive quotes throughout the transaction process, irrespective
of the order size.
Bitget Fiat OTC utilizes leading Multi-Party Computation (MPC)
technology to create an advanced security firewall, protecting
clients' assets. Transaction data remains private and is not
publicized, ensuring a high level of privacy for clients. Bitget
Fiat OTC does not hold custody of fiat or crypto
assets for its clients, maintaining an additional layer of security
and trust.
"Bitget's Fiat OTC service is one of our milestones in providing
traditional finance like security and seamless services to
crypto pro traders on the platform. With enhanced
security and advanced infrastructure for trading, there's
significant growth in participation from pro-traders and
crypto influencers. Our compliant OTC desk will ensure
that our most valued users receive exceptional customer support and
trading solutions," said Gracy
Chen, Chief Executive Officer (CEO) at Bitget
In strict adherence to global regulatory standards, Bitget OTC
follows Know Your Customer (KYC) requirements to combat money
laundering (AML) and terrorism financing (CFT). Advanced algorithm
models are used to monitor real-time client transactions, and any
suspicious activities are flagged accordingly.
The OTC users have access to aggregated
liquidity pool sourced from leading exchanges and market makers.
Bitget OTC ensures competitive prices close to the spot rate,
irrespective of the order size. Notably, there are no fees for
account opening, maintenance, or processing, making the service
cost-efficient for large-scale traders.
Bitget's team of professional advisors
offers one-on-one, round-the-clock service to clients, ensuring a
seamless trading experience. The help center and service hotline
are available to assist clients in quickly getting started with the
OTC trading service. Settlement is instant upon trading
confirmation, with no involvement of third parties.
The minimum trade size for Bitget OTC is an equivalent value of
$100,000 USD or EUR, with no maximum limit for trades or any
trading fees, offering an all-inclusive price within the bid. To
access the OTC service, users need to have a verified
Pro-level OTC-specific Bitget account. For professional
investors seeking a secure, private, and efficient trading
solution, Bitget's exclusive Fiat OTC service offers
crypto's world-class services ensuring seamless
fiat-crypto conversions.
For more information, please visit Bitget Fiat OTC -
https://www.bitget.com/fiat/otc
About Bitget
Established in 2018, Bitget is the world's
leading cryptocurrency exchange and Web3 company.
Serving over 25 million users in 100+ countries and regions, the
Bitget exchange is committed to helping users trade smarter with
its pioneering copy trading feature and other trading solutions.
Formerly known as BitKeep, Bitget Wallet is a world-class
multi-chain crypto wallet that offers an array of
comprehensive Web3 solutions and features including wallet
functionality, swap, NFT Marketplace, DApp browser,
and more. Bitget inspires individuals to embrace
crypto through collaborations with credible partners,
including legendary Argentinian footballer Lionel Messi and Turkish National athletes
Buse Tosun Çavuşoğlu (Wrestling
world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın
(Volleyball national team).
For more information, visit: Website | Twitter
| Telegram | LinkedIn | Discord | Bitget
Wallet
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SOURCE Bitget