OTCbid - JPMorgan Extends Banking Services to Bitcoin Exchanges Gemini & Coinbase

" America’s biggest financial firm is changing its tune on bitcoin.

Originally reported by WSJ, JPMorgan will begin offering bank accounts to Gemini and Coinbase cryptocurrency exchanges. Per the banking relationship, which was solidified last month, the $2.6 trillion bank will provide deposit, withdrawal and transferring services for Coinbase and Gemini customers with Automated Clearing House (ACH) infrastructure.

Historically, it has been difficult for cryptocurrency exchanges to secure reliable banking relationships for fear of fraud and money laundering, something that has led them to rely on sketchy payment processors instead. " - Read Full Article

Source: Forbes


-6% Gross, -3% Net, Satoshi, B2B

Look For Buyer Mandate Only

NEW: 100K+ BTC @ -6% Gross, -3% Net, Satoshi, B2B - Look For Buyer

(Seller : RU...CR)

Post: 15.5.2020


  • I am direct to Seller Mandate

  • A seller is selling for up to 300K+ BTC, Satoshi, B2B deal at -6% gross, -3% net

  • Buyerside = 1%

  • Sellerside = 1%

  • Intermediary = 1%


  • Transaction Procedures:

  • Buyer to provide CIS, and KYC and to make sure not from the same buyer with different brokers.

  • 1. The Bank of the USD-provider issues SWIFT MT199 POF and non-operational form SWIFT MT103/72, to the Bank of BTC-provider to the following details:

  • . After the final approval of the SWIFT MT103/72 form, the BTC-provider sends a test micro transaction of Satoshi to establish a connection between the wallets of the BTC-provider and the USD-provider.

  • 3. USD-provider checks the legitimacy of the wallets.

  • 4. After checking the bitcoin wallets, Bank of USD-provider issues operational form SWIFT MT103/72 in the amount of days delivery to the details specified

  • 5. Bank of BTC-provider together with Bank of USD-provider conducts verification and authentication of SWIFT MT103/72.

  • 6. BTC-provider transfers bitcoins in tranches from its wallet to the wallet specified by the USD-provider.

  • 7. The USD-provider for each tranche of bitcoins makes payment in USD to the BTC-provider by SWIFT MT103/202/TT or release unconditional Payment. The final price of bitcoins is determined by the exchange rate on the day of sending bitcoins.


Interested parties should contact :



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