itBit Bitcoin OTC Market Update: December 2015

December 2015 itBit Bitcoin OTC Market Update

itBit’s OTC trading volume fell 19% month-over-month in December due to the annual end-of-year slowdown within the trading world. During this same period, exchanges tracked within the XBX Index posted a 27% decline in trading volume.

View our detailed Bitcoin OTC Market infographic for DECEMBER 2015

Although we had fewer transactions in December, the transactions carried larger ticket sizes. Average volume per trade was nearly 400 XBT in December, a 40% month-over-month increase. The transactional data also shows that December was a “buyer’s market”. Buy-side participants predominantly dictated trade prices while sellers took deeper discounts.


itBit Bitcoin OTC Market Data Summary for December 2015

Total Bitcoin Volume Traded 23,310 XBT
Total USD Amount Traded $9.9 Million
Average Daily Trading Volume 1,059 XBT
Month-over-Month Trading Volume Growth -19%

 

December Highlights from the itBit OTC Desk

  • Remittance clients increased their overall volume traded up to 2% from a mere 0.1%.
  • Institutions continued to dominate OTC volume traded, up another percent to 64%.
  • New OTC clients from India and Jersey (see heat map below) started trading with us in December. This brings the number of client countries to 15.
  • Bank Leumi USA is itBit’s new banking partner for all US trading clients. The US arm of the Leumi Group brings over 100 years of banking experience and manages over $300 billion in assets worldwide.

  

To learn more about itBit's OTC trading services, please contact us at OTC@itbit.com. New clients receive $50 in bitcoin upon completing their first OTC trade with us!

 

Bobby_Cho_-_Signature

 

 

Bobby Cho
Director of Trading, itBit

 

December 2015 itBit Bitcoin OTC Market Update Infographic

 

 

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