BitDATA Exchange Global operates an institutional-grade fiat-to-crypto exchange that enables secure, real-time transactions with zero fees for converting USD to USDT/USDC. The platform addresses the lack of accessible USD accounts for digital currency by providing customers with a separate bank account in their name, facilitating large transactions while ensuring capital isolation.
Funding
Funding not disclosed
Founders
Product
Problem
The closures of Signature Bank and Silvergate Bank have created a gap in the market, leaving digital currency users without accessible USD accounts. Traditional exchanges often require users to transfer funds to the exchange's corporate account, raising security and capital isolation concerns.
Solution
BitDATA Exchange Global provides an institutional-grade platform that facilitates fiat-to-crypto transactions with a focus on security and capital isolation. The platform addresses the need for USD accounts in the digital currency space by providing customers with a separate virtual bank account in their name. This enables large digital currency transactions to be carried out quickly while ensuring that crypto trading funds are stored independently from other funds. BitDATA supports 0-fee, real-time conversion of USD to USDT/USDC.
Target Audience
The primary target audience includes institutional investors, businesses, and individuals seeking a secure and supervised platform for fiat-to-crypto exchange with virtual account services.
Features
- Virtual account service supporting business and individual account opening
- Supports multiple currencies including USD, EUR, and HKD
- Facilitates USD SWIFT remittances for global receipt and payment
- Cash wallet supports multiple top-up methods using credit/debit cards
- Crypto wallet supports BTC, ETH, LTC, USDT and other mainstream cryptocurrencies
- Business accounts offer unlimited cash wallet and asset custody service
- Account management feature allows one primary account to easily manage 100 sub-accounts
- Compliant with AML, KYC, and CFT regulations