OverviewSuggest Edit

itBit is building the future of financial services using blockchain technology. Our innovative flagship product is Bankchain, a permissioned distributed network that expedites and secures the clearing and settling of assets. itBit also offers bitcoin exchange and OTC trading services.
At itBit, we are building the future of financial services by combining traditional capital markets infrastructure and blockchain technology. Our mission is to empower individuals and financial institutions to quickly trade any asset, any time, anywhere in a trustworthy way.
The itBit team is committed to shipping innovative products that revolutionize the way financial institutions do business. Our progressive culture of self-management encourages free-thinking, collaboration and entrepreneurship.

TypePrivate
Founded2012
HQNew York, US
Websiteitbit.com
Employee Ratings4.8

Latest Updates

Employees (est.) (Oct 2019)18(-14%)

itBit Office Locations

itBit has an office in New York
New York, US (HQ)
New York, NY, USA
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itBit Financials and Metrics

Summary Metrics

Founding Date

2012

itBit total Funding

$28.3 m

itBit latest funding size

$25 m

Time since last funding

4 years ago

itBit investors

itBit's latest funding round in May 2015 was reported to be $25 m. In total, itBit has raised $28.3 m
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itBit Online and Social Media Presence

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itBit News and Updates

Best Amazon, Walmart, and Target sales for Wednesday: Save on FitBit , KitchenAid mixers, and AncestryDNA test kits

For Wednesday, there are a lot of amazing deals on products for your kitchen, your well-being, your entertainment, and overall on items that will really upgrade your life. We scoured the internet to find the deals that matter to you the most. SEE ALSO: Amazon has this all-in-one desktop computer f…

BeQuant crypto exchange for professional traders goes live

BeQuant, the cryptocurrency exchange for institutions and active traders, has today announced its gl...

Bitcoin smashes a new record after CME announces plans for bitcoin futures

Bitcoin prices have jumped to a new record high after CME Group announced plans to launch bitcoin futures by the end of the year. The cryptocurrency rose 4.26 per cent to $6,382.88 after the announcement, according to CoinDesk's aggregate index, topping its previous high over the weekend of just …

itBit Blogs

Maker rebates on ALL trades - Only on itBit

itBit is now the first fiat-to-crypto exchange with maker rebates for all trades. Traders that add to the order book will now earn 3bps incentives when orders are successfully executed.

New Maker Rebates for ETH Trades on itBit

We’re excited to share that on itBit, the Paxos exchange, itBit customers will now begin receiving 3.5 bps rebates of the notional value on all confirmed ETH maker trades. We are thrilled to offer even more to our customers on top of the most competitive taker rates available and plan to…

itBit and ED&F Man Capital Markets Inc. Execute First Exchange for Physical Transaction Settled Using Bitcoin

We are excited to announce that, together with our partners at ED&F Man Capital Markets Inc., itBit has completed the first “Exchange for Physical” (EFP) Bitcoin transaction on behalf of two institutional investor clients.

New, More Cost-Effective Fee Structure Now on itBit

We're excited to announce that we have updated the fee structure on itBit -- making our exchange the most competitive in the industry!

itBit Frequently Asked Questions

  • When was itBit founded?

    itBit was founded in 2012 .

  • How many employees does itBit have?

    itBit has 18 employees.

  • Who are itBit competitors?

    Competitors of itBit include Veritaseum, BitPay and Abra.

  • Where is itBit headquarters?

    itBit headquarters is located at New York, NY, USA, New York.

  • Where are itBit offices?

    itBit has an office in New York.

  • How many offices does itBit have?

    itBit has 1 office.