BIT, a leading global digital asset financial services platform, announced the official launch of the "Dedicated Same Name Virtual Account (VA)" service by its OTC (Over-the-Counter) business. This move marks a significant milestone for BIT in optimizing large-scale fiat on-ramp and 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 fiat currency and digital assets has faced numerous challenges, including complex bank scrutiny and delayed arrivals. To address these pain points, BIT's OTC business has partnered with major global commercial banks to open same name virtual accounts for clients at the bank level, creating a compliant closed-loop fund channel.
Diversified Account System, Limited-Time Promotional Offers Now Open
To meet the diverse needs of different types of clients, BIT OTC offers two account products for individual and institutional clients to choose from: Core Account and Plus Account.
Core Account: Single-currency account, meeting basic USD trading needs (Other currencies require a separate application). Efficient and quick account opening.
Plus Account: Multi-currency account (supports USD, SGD, HKD, EUR). Partnered with AA- rated banks.
During the promotion, individual and institutional clients can enjoy a limited-time discount on account opening fees when opening relevant accounts, further enhancing the account opening and usage experience.
How to Apply? Just Four Steps
Identity Verification: Pass the BIT OTC KYC verification process.
Send Application Email: Send an email using your registered email to [email protected]. The email must include your UID, Name/Company Name, and the type of account you are applying for. Besides, you need to consent to deduct the account opening fee from your UID.
Sign Agreement: Agree to and sign the Same Name Virtual Account Service Agreement.
Fast Review: Once the review is passed, you can use the VA to start a brand new OTC trading experience.
The launch of the BIT OTC Same Name Virtual Account service is another important milestone in BIT's continuous promotion of compliant operations and the construction of a more open and convenient digital asset service platform. In the future, BIT will constantly innovate, and provide better services for global users.
About BIT
BIT is a digital asset financial services group catering to 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 OTC (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 crypto and traditional finance. The company has officially obtained the Major Payment Institution license approval from the Monetary Authority of Singapore (MAS).
