itBit

cryptocurrencyblockchain

FOUNDING YEAR: 2012
LOCATION: United States
Last Update: 17/07/2020

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About

itBit offers powerful crypto asset trading services built for institutions and trading professionals including a global exchange and OTC trading desk.

MEDICI Analysis

itBit is a global bitcoin exchange offering institutional and retail investors a powerful platform to buy and sell bitcoin. By combining Silicon Valley innovation with Wall Street expertise, itBit is building next-generation digital currency products and services. itBit is institutional-grade, compliant and authorized to serve customers around the world.

Focus

PRODUCTS & SERVICES

itBit Bitcoin trading platform & Bankchain ledger based system

REVENUE MODEL

Company earns revenue by collecting a small fee per transaction.

MAIN CLIENTS

Financial institutions and Institutional crytocurrency Traders

EXISTING PARTNERSHIPS

BTC.sx

Traction

VALUATION / MARKET CAP:

$166.67 M in 2015

People

BOARD MEMBERS AND ADVISORS

Marco Santori

Robert Herz

Sen. Bill Bradley

Sheila Bair

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Ben Davenport

Blockchain Capital

Canaan Partners

James Pallotta

Jay W. Jordan II

Liberty City Ventures

Raptor Capital Management

RRE Ventures

Solon Mack Capital

Momentum

FUNDED

YES

TOTAL FUNDING

$30.5 M

SEED & PRIOR FUNDING

$5.5 M

FUNDING SERIES

SERIES A  · $25 M  · ---

LISTED

NO

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