Christchurch, New Zealand – 24 October 2019 – BitPrime, New Zealand’s most trusted cryptocurrency retailer, today announced it has launched BitPrime OTC, an unparalleled overthe-counter (OTC) digital asset solution for professional traders using intelligent Request for Quote (iRFQ) technology provided by OSL, Asia’s leading digital asset brokerage (a member of BC Group HKSE 0863).
Available for the first time in New Zealand, the solution is one of the world’s most efficient and secure platforms for digital asset trading and offers users “single click” exposure to a number of digital assets in a safe and user-friendly environment.
The OTC desk launch comes as the improving outlook for digital assets draws more professional traders to the asset class, driving demand for increasingly sophisticated solutions.
BitPrime OTC reduces risk by maintaining NZD in the domestic banking system and reducing forex costs, while also drastically improving deposit-to-trade execution time to three hours.
Prior to the launch, New Zealanders had to source large cryptocurrency trades from overseas exchanges, creating exposure to high-risk trades and foreign exchange costs.
BitPrime OTC also leverages OSL’s wallet infrastructure to store digital assets. This includes best-in-class military-grade security measures, such as multi-layer security protocols and airgapped cold storage, which prevents collusion risk and asset loss. Digital asset deposits are also insured against loss, private key damage, destruction or theft.
Ross Carter-Brown, CEO of BitPrime, said: “The launch of BitPrime OTC brings a depth of liquidity that hasn’t previously existed in the New Zealand market. As a premier boutique digital asset brokerage, we pride ourselves on this type of innovation, along with our market-leading deposit times, rapid trade execution, secure custody, and exceptional customer service.” “We’re thrilled to be working with BitPrime,” said OSL CEO Wayne Trench. “As the clear leader in the New Zealand digital asset retail market, we believe that the company’s use of the OSL iRFQ solution will deliver unique value to clients and enhance its already robust platform.”
BitPrime OTC accepts trades of NZD50,000 to NZD500,000 with trades of up to
NZD30,000,000 possible with prior arrangement. Current trading pairs available on the platform include BTC/NZD, BCH/NZD, ETH/NZD, and XRP/NZD. USD trading pairs will be available at a later date. The newly launched solution will also support selected international customers who meet local AML regulatory requirements.
關於OSL香港
OSL數字證券為OSL集團（863.HK）旗下的子公司，是香港首家獲證監會發牌且受保的數字資產交易平台，自2018年起，平台專注為企業客戶、金融機構、專業及個人投資者提供機構級金融解決方案。
OSL香港提供五大核心服務：經紀業務、綜合帳戶方案、資產託管、財富管理及交易所服務。其中經紀業務提供24小時高流動性加密貨幣交易及法幣出入金服務；託管方案採用客戶資產隔離的獨立錢包管理，並提供10億美元保險保障；財富管理包含代幣化國債等創新投資產品；同時專業及零售投資者亦可透過交易所安全合規買賣加密貨幣。
作為連接傳統金融與數字資產經濟的先驅，OSL集團以「開放、安全、持牌」為核心原則，持續推動亞洲合規數字資產生態發展，並以合規為先拓展業務版圖，進軍日本、澳洲、歐洲等市場，為全球客戶提供安全、個人化的服務。
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