Source: BIT
The world's leading digital asset financial service group, BIT, today announced the official launch of its over-the-counter trading business's "Virtual Account (VA)" service. This marks a milestone for BIT in optimizing large-value fiat on/off-ramp channels and enhancing the asset allocation experience for high-net-worth individuals and institutional clients.
For a long time, the bidirectional exchange between traditional fiat and crypto assets has faced many challenges such as complex bank reviews and delayed transactions. To address these pain points, BIT has partnered with top global commercial banks to help customers open a virtual account with the same name on the bank side, establishing a same-name, compliant fund-closed-loop channel.
To meet the diversified needs of different types of customers, BIT's over-the-counter trading has launched two account products for individual and institutional clients to choose from: Core Account and Plus Account.
· Core Account: A single-currency account that meets the basic USD trading needs, with additional application required for other currencies. Efficient and convenient, quick account opening.
· Plus Account: A multi-currency account (supports USD, SGD, HKD, EUR). In cooperation with AA-rated banks.
During the promotional period, individual and institutional clients opening relevant accounts can enjoy a limited-time offer for account opening fees, further enhancing the account opening and usage experience.
The launch of BIT's same-name virtual account service is another important milestone as BIT continues to promote compliant operations and build a more open and convenient cryptocurrency service system. In the future, BIT will uphold the "customer-first" philosophy, continually innovate, and provide higher-quality services to global users.
The BIT is a digital financial service group serving global institutional clients, dedicated to providing secure and efficient digital asset trading and liquidity solutions for professional institutional investors and high-net-worth clients. Fly Wing Technologies Pte. Ltd. is a wholly-owned Singapore subsidiary of BIT, focusing on over-the-counter trading business, serving global institutional and high-net-worth clients, covering cryptocurrency miners, quantitative trading teams, fund companies, and high-net-worth individuals in the cryptocurrency and traditional financial sectors. The company has officially obtained approval for a Major Payment Institution License (MPI) issued by the Monetary Authority of Singapore (MAS).
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