The Ethereum blockchain was launched in 2014 following an initial offering of approximately 60 million Ether (ETH). Additional Ether are released through a mining process, similar to Bitcoin. The Ethereum system went live in July 2015.
Ethereum is a decentralized platform for building applications that run smart contracts, executable functions that run exactly as programmed without any third party interference. ETH is used as a form of payment for transaction fees and to perform actions, such as creating smart contracts and building decentralized applications.
itBit offers a personalized Ethereum OTC trading experience. Work privately with one of our experienced traders straight through settlement.
itBit provides access to a global network of clients across over 100 countries.
Most OTC trades are settled same-day, with flat rate fees per transaction and no crypto withdrawal fees.
As a New York State Trust Company, itBit is subject to strict regulatory oversight by the New York State Department of Financial Services. All fiat and digital customer assets deposited with itBit are backed by mandatory capital reserves as a regulated entity.
itBit uses 100% cold storage ensuring that your crypto assets remain secure and will be available to meet investor redemption and verification requirements. Our custody model protects custodied assets by ensuring that they are never commingled with assets held in customer trading accounts.
Our Institutional Client Group (ICG) provides all custody clients with personalized service and support. We operate around the clock Monday through Friday from our global operation centers in New York and Singapore. As your needs grow, our relationship managers will be there to assist you.
itBit Ethereum wallets do not support any form of ERC20 token.
Boutique service specializing in large crypto asset trades starting over $50,000 USD. Our OTC desk offers a deep order book, personalized trading support and competitive pricing.
Protect and secure your crypto assets under a regulated New York State Trust Company with
Trusted escrow service facilitates large crypto asset trades by matching buyers and sellers looking for secure transaction intermediary and trade settlement.