Coinsetter Bitcoin Exchange (In Beta) Daily Volume Surpasses 1000 BTC

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New York City-based bitcoin exchange Coinsetter is still in a beta testing phase, but that’s not stopping the platform’s users from trading a significant amount of bitcoin.

Marshall Swatt, CTO at Coinsetter, announced via Twitter on Tuesday “is starting to achieve some very large daily volume.”

According to Swatt, the exchange’s daily volume has surpassed 1,000 BTC (or over $500k USD). Not bad for a system with a limited user base (for now).

Coinsetter describes themselves as a platform designed for the serious trader, capable of handling high-frequency trading and actively sourcing liquidity from other exchanges, such as Bitstamp.

It’s unclear just how far away from public launch Coinsetter is, but the platform is certainly looking to be promising.