itBit, a leading global bitcoin exchange offering institutional and retail investors a platform to buy and sell bitcoin today announced the opening of the itBit Global OTC Agency Trading Desk, a boutique service that specializes in facilitating large transactions over 100 bitcoins.
The company blog states that there has been a vibrant OTC bitcoin trading market operating in parallel to existing bitcoin exchanges. To that end, itBit’s Global OTC Agency Trading Desk will offer the best of both worlds, allowing clients to trade in the OTC market through their existing itBit exchange account.
Benefits of itBit for OTC Trading
- Deep liquidity through our global network of clients across 100+ countries
- No broker or trading fees
- Same-day settlement
- Private, personalized trading experience
To commemorate the launch of the OTC trading desk, itBit is offering $50 in bitcoin when you complete your first OTC trade.
Bitcoin has rallied the past couple of months as a safe haven play amidst developments in Greece and the Eurozone. The digital currency is still adapting and gaining characteristics of it’s value within the global currency market place amid violent swings in the last couple of years. It has gone from hovering below the $250 handle in May/June to spiking above $300 on Greece risk to now settling around $275 as of July 22nd, 2015.
One month chart of bitcoin
For more information on this new offering, click here.