ItBit, along with its two partners has completed the first “Exchange for Physical (EFP) Bitcoin Transaction at ED&F Man Capital Marketers Inc, on behalf of two institutional investor clients. For the first time, an EFP transaction has been reported to a U.S. exchange where the physical asset was actually a digital currency. It is a breakthrough for markets adopting digital currencies. You may call on ItBit helpline number and get quick and accessible resolutions from the experts who are always at your help.
At the launch of Bitcoin futures the previous year, the market was only comprised of “cash-settled contracts that mean participants trade contracts that keep a track on the price of Bitcoin, but at the end, it settled in cash. The EFP trade is the first element that connects the physical spot-exchange market with the forthcoming market, which in result will add products connecting the two markets. The trade is the foremost to connect traditional institutional financial services products with the crypto asset space and leads to the development of institutional capital markets infrastructure of crypto as an asset class. You may call on itBit support number and get plenty of solutions and remedies from the team of professionals in short-interval of time.
About itBit Exchange
ItBit focuses on fulfilling the needs of institutions, active traders and trading professionals. It provides trading and custody services for Bitcoin (XBT), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar Lumens (XLM). Being the leading cryptocurrency exchange in the United States, itBit was launched in the year 2103 and presently, its headquarters are situated in New York. Besides New York, the official representative is available in Singapore. After receiving the New York Department of Financial Services License, it has been renamed as itBit Trust Company, LLC. ItBit transaction fees entirely depend on the amount of trade volume per month and withdrawals in Bitcoin and Singaporean dollars are of free.
Access to all 50 American States, high liquidity, and low fees are some of the advantages of this exchange and the top advantage is that it is regulated by Federal authority. But, still, this exchange has to improve a little bit like the mobile application of this exchange is still unavailable and it doesn’t allow some types of trading. You are always advised to speak to the experts whenever you get into any trouble which is hard to resolve. Just dial an itBit customer care phone number and get fruitful and impeccable solutions from the experts in no time. The team is cooperative as well as responsive. They go through the period of training where they are taught about itBit and how to handle its errors. After the deep study and research, they are able to respond to users query so fast. So, stop worrying about your problems anymore and get in touch with the professionals anytime for support and assistance. Dial itBit support phone number and get out of the box results from the well-versed professionals anytime and get free of all kind of technical glitches and errors.