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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