Source of the original text: BIT

Global leading digital asset financial services group BIT today announced the official launch of its over-the-counter trading business with the "Virtual Account (VA)" service. This move marks a milestone for BIT in optimizing large fiat currency acceptance channels and enhancing asset allocation experiences for high net worth individual and institutional clients.

For a long time, the two-way exchange between traditional fiat currency and crypto assets has faced numerous challenges, such as complex bank reviews and delays in fund availability. To address these pain points, BIT has partnered with leading commercial banks globally to open corresponding virtual accounts for customers at the bank, creating a compliant fund closed-loop channel.

Diverse Account System, Limited-Time Offer Fully Launched

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 trading needs, with other currencies requiring additional applications. 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 can enjoy limited-time fee discount privileges when opening the relevant accounts, further enhancing the account opening and usage experience.

The launch of the BIT virtual account service is another important milestone in BIT's ongoing efforts to promote compliant operations and build a more open and convenient crypto asset service system. In the future, BIT will continue to adhere to the "customer first" philosophy, constantly innovate, and provide higher quality services for global users.

About BIT

BIT is a digital financial service group targeting 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 in Singapore, focusing on over-the-counter trading services, catering to global institutional and high net worth clients, covering cryptocurrency miners, quantitative trading teams, fund companies, and high net worth individuals in both the crypto and traditional finance sectors. The company has officially received approval for a Major Payment Institution license (MPI) issued by the Monetary Authority of Singapore (MAS).

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