Goobit Group states that the company’s OTC service for bitcoin trading via the BTCX platform has seen high and stable activity so far this year, with around 480 BTC traded at a value of approximately 31 million euros.
Goobit points to growing demand for more professional solutions for larger trades.
“We are seeing a clear increase in demand for professional OTC services, both from companies and individuals who want to handle larger volumes in a safe and structured way,” says Christian Ander, CEO and founder of Goobit Group.
Ander highlights personal follow-up, regulatory compliance and efficient execution as important factors for this type of trading. According to Ander, BTCX has built up confidence over several years in the market.
According to Goobit, the OTC service via BTCX has shown high and stable activity since the beginning of the year. The OTC solution is aimed at larger bitcoin transactions and is used by companies, institutions and wealthy individuals who want more discreet and structured execution than in ordinary marketplaces.
The service is described as a structured solution with an emphasis on security, discretion and professional execution, in line with the customization and follow-up found in private banking environments. Transactions shall be conducted in line with customer requirements for security, transparency and efficient execution.
Since the beginning of the year, Goobit has traded about 480 bitcoins through BTCX's OTC service. The value of these transactions is stated at around EUR 31 million, based on the exchange rate levels during the period. Goobit highlights that the OTC business is increasingly contributing to the Group's overall revenue. The company believes developments so far this year confirm BTCX's role as an established player in professional crypto access trading in the Nordic region.
Goobit Group AB is a Swedish financial company that operates bitcoin exchange and related services under the brand BTCX. The company targets both individuals, businesses and institutions that want to switch from traditional currencies to bitcoin.