Leading cryptocurrency exchange and Web3 company Bitget has launched its new fiat over-the-counter (OTC) platform designed for bulk trading. The service initially supports Euro (EUR), Pound Sterling (GBP), and US Dollar (USD), with plans to expand to Turkish Lira (TRY), Brazilian Real (BRL), and South African Rand (ZAR) soon, enabling settlement between fiat and cryptocurrencies. This new service aims to meet the needs of institutional investors and professional cryptocurrency traders, providing better privacy, more liquidity, and faster settlement for large trades.
OTC trading is essential for investors looking to avoid market impact from bulk trades. It offers customized and secure services to ensure that large trades do not affect public market prices. Bitget’s OTC service features professional execution, secure clearing, and competitive pricing, giving traders an advantage throughout the entire trading process.
Bitget’s fiat OTC utilizes advanced secure firewalls built with leading secure multiparty computation (MPC) technology to protect client assets. Trade data remains private and confidential, ensuring customers have a high level of privacy.
CEO of Bitget, Gracy Chen, stated, “Bitget’s fiat OTC service is a milestone in providing traditional financial security and seamless service to professional cryptocurrency traders on the platform. With enhanced trading security and advanced trading infrastructure, the participation of professional traders and cryptocurrency influencers has significantly increased. Our compliant OTC desk will ensure our most valuable users receive exceptional customer support and trading solutions.”
Operating in strict compliance with global regulatory standards, Bitget OTC follows KYC requirements to combat money laundering and terrorist financing. Advanced algorithmic models are used to monitor customer transactions in real-time, marking any suspicious activity accordingly.
OTC users can benefit from aggregated liquidity pools from leading exchanges and market makers. Bitget OTC ensures competitive pricing close to spot prices, regardless of order size. Notably, there are no account opening, maintenance, or processing fees, making the service cost-effective for large-scale traders.
Bitget’s professional advisory team provides round-the-clock personalized service to ensure a smooth trading experience, with customer service ready to assist customers in quickly starting to use OTC trading services. Settlement occurs immediately after trade confirmation, without the need for third-party involvement.
The minimum trade size for Bitget OTC is $100,000 USD or Euro, with no trading limits or fees, offering all-inclusive pricing within quotes. Users must have a verified professional-grade OTC-specific Bitget account to use the OTC service. For professional investors seeking secure, private, and efficient trading solutions, Bitget’s exclusive fiat OTC service offers world-class service, ensuring seamless conversion between fiat and cryptocurrencies.
For more information, please visit: https://www.bitget.com/en/fiat/otc
Bitget OTC
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