Topic: [2016-01-07] ItBit details 2015 Achievements and Aims for 2016 (Read 175 times)

ItBit, the bitcoin exchange company, has released a newsletter detailing its highlights of 2015, along with the goals and aims it is looking to achieve in the year ahead. Some of the key points in itBit’s year, and the plan for 2016, are detailed below.

Back in May 2015, itBit reported its U.S. bitcoin exchange launch, which became the first bitcoin company to receive a trust company charter from the New York State Department of Financial Services. This designation allowed itBit to offer customers asset protection and financial reporting comparable to banks and brokerages.

In July, itBit became the first financial services company to provide both a bitcoin exchange and OTC trading services with the launch of its OTC Agency Trading Desk. In addition to this, monthly OTC update reports were released detailing the OTC trading data in an effort to be transparent.

Over the course of the year itBit has seen a tripling of its trader customer base. ItBit has also reported over 300% growth in average monthly bitcoin exchange trading volume and over $40 million in bitcoin OTC trading, with over 30% growth month-over-month. Two instances of its OTC trading team winning USMS auctions were also highlighted: 3,000 bitcoins in March and 10,000 bitcoins in November on behalf of a syndicate of clients.

Read more : http://allcoinsnews.com/2016/01/07/itbit-details-2015-achievements-and-aims-for-2016/