Bitcoin exchange itbit is opening an over-the-counter (OTC) trading desk, specializing in large transactions of over 100 bitcoins (currently equal to $27,600).

The exchange is looking to leverage its becoming the first bitcoin business to obtain a trust company charter from the New York Department of Financial Services (NYDFS), granting it permission to operate in all 50 states as a fully regulated financial services entity. With the boost to its reputation, it is now looking to woo large investors with a service paralleling that of regulated institutional OTC trading desks.

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itBit says it will access the deep liquidity through its marketplace, enabling clients to get the best prices possible. It will also charge no fees, which normally range between 0.35% and 0.50% for market takers removing liquidity from the marketplace. It also says it will offer same-day settlement and a personalized, private trading experience.

As a promotion for the launch, the exchange is offering $50 in bitcoin to clients making their first OTC trade.

itBit currently ranks 6th among bitcoin exchanges in USD-based 30-day trading volume, according to figures from bitcoinity.org, and 10th globally in total volume (it also supports SGD and EUR trading). During the past 24 hours, 6,173 BTC ($1.7 million) have been traded, making up 3.4% of global volume.