--- title: "LISTEN: itBit's Director of Trading Bobby Cho Discusses Bitcoin OTC Market" description: Listen as itBit's Director of Trading, Bobby Cho, discusses the current state of the Bitcoin OTC markets and itBit's Global OTC Agency Trading Desk. image: https://insights.paxos.com/hubfs/_itBit_Blog_assets/Blog_Headers/itBits-Director-of-Trading-Bobby-Cho-Discusses-Bitcoin-OTC-Market.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) ## LISTEN: itBit's Director of Trading Bobby Cho Discusses Bitcoin OTC Market September 18, 2015 at 12:06 PM | [itBit](https://insights.paxos.com/blog/author/itbit) ![itBits-Director-of-Trading-Bobby-Cho-Discusses-Bitcoin-OTC-Market](https://insights.paxos.com/hubfs/_itBit_Blog_assets/Blog_Headers/itBits-Director-of-Trading-Bobby-Cho-Discusses-Bitcoin-OTC-Market.png) itBit's Director of Trading, Bobby Cho, appeared on the [Bitcoin Technical Analysis show](https://www.youtube.com/watch?v=oKKKvXgHPC8&feature=youtu.be) to discuss the current state of the Bitcoin OTC markets and [itBit's Global OTC Agency Trading Desk](https://www.itbit.com/blog/introducing-itbits-global-otc-agency-trading-desk).  Below are a few of the key points and statistics Bobby shared about the current OTC market and itBit's Global OTC Agency Trading Desk: - Average daily trading volume on itBit's OTC desk is 1,000-1,500 XBT and has grown 140% week-over-week since launching in June.  - itBit OTC volume alone is greater than the volume on over 80% of digital currency exchanges worldwide.  - Bobby speculated that daily bitcoin OTC volume is roughly 50%-75% of total exchange volume. This is a strong indication that total bitcoin trading volume is underreported.    The [full 17-minute podcast](https://soundcloud.com/worldcryptonet/bitcoin-technical-analysis-12) is provided below. Bobby's five-minute segment starts at the 9:15 mark:     *The weekly podcast is presented by [World Crypto Network](https://www.itbit.com/blog/introducing-itbits-global-otc-agency-trading-desk) and focuses on key technical and macro trends impacting the bitcoin market. The Bitcoin Technical Analysis Show is hosted by [Theo Goodman](https://twitter.com/theog__). *   --- ## Try itBit’s Global OTC Agency Trading Desk and Receive $50 Looking to trade over 100 XBT? Receive $50 in bitcoin when you complete your first OTC trade with itBit!  No broker or trading fees, same-day settlement and personalized trading support. Contact [OTC@itbit.com](mailto:OTC@itbit.com) to get started. 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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.