BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant

Source: BIT

The world's leading digital asset financial service group, BIT, announced today that its over-the-counter trading business has officially launched the "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 two-way 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 clients open Virtual Accounts with the banks, creating a named, compliant fund closed-loop channel.

Diversified Account System, Limited-Time Promotion Now Open

To meet the diverse needs of different types of clients, 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 basic USD transaction needs, with additional currency options available upon request. Efficient, convenient, quick account opening.

· Plus Account: A multi-currency account (supporting USD, SGD, HKD, EUR) in partnership with AA-rated banks.

During the promotional period, individual and institutional clients can enjoy limited-time benefits for opening relevant accounts, further enhancing the account opening and usage experience.

The launch of BIT's Virtual Account service is another important milestone in BIT's continuous promotion of compliant operations and the construction of a more open and convenient crypto asset service system. In the future, BIT will continue to uphold the "customer-first" philosophy, innovate continuously, and provide higher-quality services to global users.

About BIT

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 subsidiary of BIT based in Singapore, focusing on over-the-counter trading business serving global institutions and high-net-worth clients, including cryptocurrency miners, quantitative trading teams, fund companies, and high-net-worth individuals in both the crypto and traditional financial sectors. The company has officially obtained approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS).

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