The exchange can be used by institutional investors, commercial businesses, and retail investors to trade bitcoin with U.S. dollars, Singapore dollars and euros worldwide. The exchange relies on top tier finance and security technology, employing NASDAQ exchange technology, Thomson Reuters for screening and continuous suspicious activity monitoring, and Jumio for identity verification.
itBit’s leadership includes Charles Cascarilla as CEO and Andrew Chang as COO. The company is headquartered in New York City with an international office in Singapore. itBit is backed by Canaan Partners, RRE Ventures, Liberty City Ventures, and notable angel investors Jay W. Jordan II and Ben Davenport. itBit has received more than US$5 million in venture capital.
- James Vincent (2013-11-12). "itBit, a NASDAQ-powered Bitcoin currency exchange, raises $3.25m in funding - News - Gadgets & Tech". The Independent. Retrieved 2014-02-21.
- "itBit Raises $3.25 Million To Launch A New Global Bitcoin Exchange For Institutional Investors". TechCrunch. 2013-11-11. Retrieved 2014-02-19.
- "itBit Launches Bitcoin Exchange with $5.5M in Funding". The Genesis Block. Retrieved 2014-02-19.
- Ploshay, Jon (2014-07-07). "Seeing Opportunities In The US, itBit Relocates To NYC, Names New CEO". techcrunch.com. Retrieved 2014-07-07.
- Ploshay, Elizabeth (2013-11-11). "itBit to Launch as a Global Bitcoin Currency Exchange – Bitcoin Magazine". Bitcoinmagazine.com. Retrieved 2014-02-19.
- Jerin Matthew. "Singapore's ItBit Capitalises on Transaction Malleability Issue at Other Bitcoin Exchanges". Ibtimes.co.uk. Retrieved 2014-02-19.
- Daniel Cawrey (@danielcawrey) (2014-02-16). "itBit Offers Incentives for Bitcoin Traders to Switch Exchanges". Coindesk.com. Retrieved 2014-02-21.