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      Fiat Support
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      Launched
      United States of America , 2013-01
      Margin trading
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      #Coins/#Markets
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      What is itBit?

      ItBit, a bitcoin exchange run by Paxos, was the bitcoin exchange to be licensed by the New York State Department of Financial Services, granting the company the ability to be the custodian and exchange for customers in the United States. itBit offers powerful crypto asset trading services built for institutions and trading professionals including a global exchange and OTC trading desk. Charles Cascarilla and Rich Teo founded Paxos in 2012 as the itBit Bitcoin exchange. In 2015, the company changed its legal name from itBit to Paxos Trust Company. Paxos clients include global enterprises PayPal, Credit Suisse, Societe Generale, StoneX, and Revolut. Paxos is a blockchain company with more than $500 million in total funding from leading investors like OakHC/FT, Declaration Partners, Mithril Capital, and PayPal Ventures. With offices in New York, London, and Singapore, Paxos takes a global approach to modernize the financial system.

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