ItBit is now utilizing TradeBlock as the order management system and execution tool for its over-the-counter middle and back office bitcoin trade operations. TradeBlock, who supply companies with execution and analysis tools that capitalize on blockchain technology, are also currently being used by companies such as LibertyX and Coinut.
Recently, itBit has reported monthly trading volumes of over 40,000 bitcoin from its services, which include a global exchange as well as over-the-counter trading desks, allowing people to buy and sell bitcoin. Incentives and benefits offered by itBit include same-day settlement, low fees and a first-trade bonus when a customer completes their first over-the-counter trade.
Both TradeBlock and itBit place a high emphasis on customer security. Other features of TradeBlock’s services are consolidated API’s, historical trade and order book data, advanced indexes and customizable algorithms.