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itBit
itBit Logo
HeadquartersSingapore
Websitewww.itbit.com
LaunchedApril 2012

itBit is a digital currency exchanger that company executives described as being "built on global equities exchange standards".[1]

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.[2] 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.[3]

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.[4] itBit is backed by Canaan Partners, RRE Ventures, Liberty City Ventures, and notable angel investors Jay W. Jordan II and Ben Davenport.[2] itBit has received more than US$5 million in venture capital.[5]

In February 2014, itBit was unaffected by a denial-of-service attack that caused several other prominent Bitcoin exchanges to suspend withdrawals for several days[6][7]

References

  1. 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.
  2. 2.0 2.1 "itBit Raises $3.25 Million To Launch A New Global Bitcoin Exchange For Institutional Investors". TechCrunch. 2013-11-11. Retrieved 2014-02-19.
  3. "itBit Launches Bitcoin Exchange with $5.5M in Funding". The Genesis Block. Retrieved 2014-02-19.
  4. Ploshay, Jon (2014-07-07). "Seeing Opportunities In The US, itBit Relocates To NYC, Names New CEO". techcrunch.com. Retrieved 2014-07-07.
  5. Ploshay, Elizabeth (2013-11-11). "itBit to Launch as a Global Bitcoin Currency Exchange – Bitcoin Magazine". Bitcoinmagazine.com. Retrieved 2014-02-19.
  6. Jerin Matthew. "Singapore's ItBit Capitalises on Transaction Malleability Issue at Other Bitcoin Exchanges". Ibtimes.co.uk. Retrieved 2014-02-19.
  7. Daniel Cawrey (@danielcawrey) (2014-02-16). "itBit Offers Incentives for Bitcoin Traders to Switch Exchanges". Coindesk.com. Retrieved 2014-02-21.