Original Source: BIT

The world's leading digital asset financial service group, BIT, today announced the official launch of the "Virtual Account (VA)" service for its over-the-counter trading business. This move marks a significant milestone for BIT in optimizing the large-value fiat acceptance channel 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 delays in fund arrival. To address these pain points, BIT has partnered with top global commercial banks to help customers open same-name virtual accounts on the bank side, establishing a same-name, compliant fund closed-loop channel.

Diversified Account System, Limited-Time Promotion Fully Launched

To meet the diverse 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 basic USD transaction needs, with additional application required for other currencies. Efficient and convenient, quick account opening.

· Plus Account: Multi-currency account (supports USD, SGD, HKD, EUR). In cooperation with AA-rated banks.

During the promotion period, individual and institutional clients opening relevant accounts can enjoy limited-time promotional benefits 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 for BIT in continuing to promote compliant operations and build a more open and convenient cryptocurrency 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 Singapore subsidiary wholly owned by BIT, focusing on over-the-counter trading business, serving global institutions and high-net-worth clients, covering cryptocurrency miners, quantitative trading teams, fund companies, and high-net-worth individuals in the cryptocurrency and traditional financial fields. 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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