--- title: "itBit Bitcoin OTC Market Update: December 2015" description: Every month, itBit's Bitcoin OTC Market Update brings greater transparency to an opaque market, offering traders key data from our Bitcoin OTC trading desk. image: https://insights.paxos.com/hubfs/_itBit_OTC/Blog-December-2015-itBit-Bitcoin-OTC-Market-Update.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 Update: December 2015 January 7, 2016 at 4:00 PM | [Bobby Cho](https://insights.paxos.com/blog/author/bobby-cho) ![December 2015 itBit Bitcoin OTC Market Update](https://insights.paxos.com/hs-fs/hubfs/_itBit_OTC/Blog-December-2015-itBit-Bitcoin-OTC-Market-Update.png?width=1000&name=Blog-December-2015-itBit-Bitcoin-OTC-Market-Update.png "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](https://tradeblock.com/markets/index/) posted a 27% decline in trading volume. #### **[View our detailed Bitcoin OTC Market infographic for DECEMBER 2015](https://www.itbit.com/blog/itbit-bitcoin-otc-market-update-december-2015#infographic)** 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](mailto:OTC@itbit.com). New clients receive $50 in bitcoin upon completing their first OTC trade with us!   ![Bobby_Cho_-_Signature](https://insights.paxos.com/hs-fs/hubfs/Bobby_Cho_-_Signature.png?width=189&name=Bobby_Cho_-_Signature.png)     **Bobby Cho** Director of Trading, itBit   ![December 2015 itBit Bitcoin OTC Market Update Infographic](https://insights.paxos.com/hs-fs/hubfs/_itBit_OTC/December-2015-itBit-Bitcoin-OTC-Market-Update.png?width=800&name=December-2015-itBit-Bitcoin-OTC-Market-Update.png "December 2015 itBit Bitcoin OTC Market Update Infographic")   #### [Share this infographic - click the image to download](https://insights.paxos.com/hubfs/_itBit_OTC/December-2015-itBit-Bitcoin-OTC-Market-Update.png) ### 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.