--- title: "itBit Bitcoin OTC Market Recap: April 2016 [Infographic]" description: itBit's monthly Bitcoin OTC Market recap delivers a detailed infographic loaded with key OTC trading data and market insights from our Director of Trading. image: https://insights.paxos.com/hubfs/_itBit_OTC/Blog-itBit-Bitcoin-OTC-Market-Recap-April-2016.png --- [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Square.svg)](https://www.itbit.com/) [![itBit](https://insights.paxos.com/hubfs/itBit-Careers-Long.svg)](https://www.itbit.com/) [OPEN TRADING ACCOUNT](https://exchange.itbit.com/signup) [SUPPORT](https://www.itbit.com/contactus) [LOGIN](https://exchange.itbit.com/login) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) - [Exchange](https://www.itbit.com/exchange) - [OTC Trading](https://www.itbit.com/otc) - [Market Data](https://exchange.itbit.com/markets) - [Blog](https://www.itbit.com/blog) # [ITBIT TRADING BLOG](https://www.itbit.com/blog) ## itBit Bitcoin OTC Market Recap: April 2016 \[Infographic\] May 4, 2016 at 2:00 PM | [Elizabeth Hamilton, itBit Director of Trading](https://insights.paxos.com/blog/author/elizabeth-hamilton-itbit-director-of-trading) ![Blog-itBit-Bitcoin-OTC-Market-Recap-April-2016](https://insights.paxos.com/hs-fs/hubfs/_itBit_OTC/Blog-itBit-Bitcoin-OTC-Market-Recap-April-2016.png?width=1000&name=Blog-itBit-Bitcoin-OTC-Market-Recap-April-2016.png "Blog-itBit-Bitcoin-OTC-Market-Recap-April-2016") Our monthly Bitcoin OTC Market Recap infographics are loaded with key OTC data ranging from trading volumes to spot price analysis. OTC market insights from our Director of Trading, Elizabeth Hamilton, can be found below.  ####  ![April-2016-itBit-Bitcoin-OTC-Market-Recap-1.png](https://insights.paxos.com/hs-fs/hubfs/_itBit_OTC/April-2016-itBit-Bitcoin-OTC-Market-Recap-1.png?width=800&name=April-2016-itBit-Bitcoin-OTC-Market-Recap-1.png) [SHARE THE INFOGRAPHIC - CLICK TO DOWNLOAD](https://insights.paxos.com/hubfs/_itBit_OTC/April-2016-itBit-Bitcoin-OTC-Market-Recap.png)     **April Bitcoin OTC Trading Letter from Elizabeth Hamilton** OTC trading volumes picked up in April after a slow month in March. The increase in price over the final two weeks of April resulted in larger trade sizes and a significant uptick in our overall OTC trading volume. In parallel with the price increase on the exchange market, our OTC desk saw added pressure from buyers late in the month with most trades executing at a premium to our market price (see our Executions vs. Spot Price chart in the infographic above).   | **April itBit Bitcoin OTC Market Data Summary** | | | --- | --- | | **Total Bitcoin Volume Traded** | 23,536 XBT | | **Total USD Amount Traded** | $10.3 Million | | **Average Daily Trading Volume** | 981 XBT | | **Month-over-Month OTC Trading Volume Growth** | **39%** | **   April itBit OTC Highlights ** - April’s notional USD OTC trading volume was our second highest ever, eclipsed only by our record-breaking February. - Institutional traders dominated April OTC activity, representing 83% of our execution volumes. - Canada showed the largest growth in volume of any country. To learn more about [itBit's OTC agency trading desk](https://www.itbit.com/h/otc), visit us online or contact our OTC trading team directly at [OTC@itbit.com](mailto:OTC@itbit.com). We hope you find our OTC market infographic valuable and look forward to trading with you!  ![ElizabethHamilton](https://insights.paxos.com/hs-fs/hubfs/ElizabethHamilton.png?width=250&name=ElizabethHamilton.png "ElizabethHamilton") **Elizabeth Hamilton** Director of Trading, itBit   *Please note: itBit never double counts OTC volume or USD dollar amount traded.*  ### Bitcoin Trading Research Delivered to your Inbox ### Categories ### Subscribe to itBit Blog **Products** [itBit Exchange](https://www.itbit.com/exchange) [OTC Trading](https://www.itbit.com/otc) [Custody Services](https://www.itbit.com/custody) [Escrow Services](https://www.itbit.com/escrow) **Resources** [Market Data](https://exchange.itbit.com/markets) [Support Center](https://help.paxos.com) [API](https://www.itbit.com/api) [itBit Blog](https://www.itbit.com/blog) [Fees](https://www.itbit.com/fees) **Company** [About itBit](https://www.itbit.com/about-itbit) [Press](https://www.itbit.com/h/press) [Careers](https://www.itbit.com/h/careers) [Customer Support](https://www.itbit.com/contactus) [Legal](https://www.itbit.com/legal) **Crypto Assets** [Bitcoin](https://www.itbit.com/bitcoin) [Ethereum](https://www.itbit.com/ethereum) [Bitcoin Cash](https://www.itbit.com/bitcoincash) [Litecoin](https://www.itbit.com/litecoin) [Stellar Lumens](https://www.itbit.com/stellar-lumens) - [![](https://insights.paxos.com/hs-fs/hubfs/_00_PAXOS/Medium%20Updated.png?width=28&height=28&name=Medium%20Updated.png)](https://medium.com/paxos/itbit/home) - [![](https://insights.paxos.com/hs-fs/file-2672941852-svg/_itBit_Social_Icons/twitter-02.svg)](https://twitter.com/itBit) - [![](https://insights.paxos.com/hs-fs/file-2654911471-svg/_itBit_Social_Icons/linkedin-04.svg)](https://www.linkedin.com/company/itbit-pte-ltd) Copyright © 2020 Paxos Trust Company, LLC. All Rights Reserved. NMLS #1766787 Crypto asset trading involves a high degree of risk. The crypto asset market is new and unproven and may not grow. Currently, there is relatively small use of crypto assets in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in crypto assets. In order to participate in the trading of crypto assets, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin or other crypto assets.