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

By: blockbeats|2026/04/03 23:00:13

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).

Original Article Link

This article is a contribution and does not represent the views of BlockBeats.

The truth behind the Rockefeller escape myth: the end of the bull market is not due to overheating emotions, but rather the exhaustion of new funds. Currently, market buying volume has been concentrated and released, so it is advised to be cautious of "tail-end market trends" and gradually take prof...

Morning News | Five major virtual asset platforms in South Korea have experienced 57 incidents of hacking and system failures in six years; Grayscale submits registration application for Canton ETF

Overview of Important Market Events on June 7th

The ambitions of Kalshi, MTS, and a16z

The prediction market may be the only field in 2025 that can collectively excite prestigious dollar fund investors, digital currency enthusiasts, and media professionals.

The AI bubble is bursting

In the clamor of the bubble, the potential of the underlying productivity is not inflated at all.

Real withdrawal is to release water: When crypto VCs position themselves in the Agent network effect

In the high-value scenario of finance, blockchain serves as an open financial testing ground, and stablecoins are the certificates for agents optimizing market processes. This is not about scale and resource investment; it is about the establishment and expansion of mechanisms.

Has the narrative of BTC as "digital gold" failed?

What truly matters is not whether it will rise, but whether you can live to see that day.

A Perspective on the Indian Cryptocurrency Market: Descending into Silence or Moving Towards Maturity?

The Indian cryptocurrency industry has not gone silent; it is steadily maturing towards diversification.

It took me a year to see the painful truth about Agent payments

Among the four major tracks of Agent purchasing, Agent API, Agent inter-payment, and Agent finance, currently only Agent finance has real users and willingness to pay. But worse than having no demand is that the real competition point has never been payment...

Morning News | Bitmine issues preferred shares to raise $300 million; Polymarket accuses Kalshi of industrial espionage

Overview of Important Market Events on June 4th

Privacy coin trust crisis! ZEC plummets over 56% in a single day

The recent increase in ZEC is nearly 3 times, and the vulnerability news may have just provided an opportunity to exit.

Who is leading the price discovery in the cryptocurrency market? Measured delays on platforms like Binance and Hyperliquid

There is a saying circulating on crypto Twitter: Hyperliquid has replaced Binance and become the center of crypto price discovery. Arrakis conducted a cross-platform test using the tick-by-tick transaction data from 29 perpetual markets, and the truth lies within milliseconds.

Anthropic launches IPO: Business miracle or valuation bubble?

Human economy is transitioning from a carbon-based drive to a dual-engine drive of carbon-based and silicon-based, which is what is truly happening behind Anthropic's IPO.

What Is SpaceX IPO and Why Is Everyone Talking About It?

What is SpaceX IPO? Learn why investors are watching SpaceX's potential $1.77 trillion public debut, from Starlink and AI to Mars ambitions, valuation risks, and pre-IPO trading opportunities.