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itBit Logo
Headquarters New York City
Launched April 2012

itBit is a New York fintech company that develops blockchain technology for asset trading and operates a bitcoin exchange.[1][2][3][4] itBit's Bankchain™ product is a private distributed ledger built for integration in established financial services companies.[5]

The company is headquartered in New York City with an international office in Singapore.[6][7][8]

The company received more than US$5 million in venture capital from Canaan Partners, RRE Ventures, Liberty City Ventures, and angel investors Jay W. Jordan II and Ben Davenport in their initial funding round.[3][9] itBit's Series A round raised $25 million from PRE Venture, Liberty City Venture, and others.[10]

In May 2015, it was the first bitcoin exchange to become a trust company, receiving a charter from the New York State Department of Financial Services.[11][12][13]


  1. Matthew Leising (2015-11-18). "Blockchain Revolution Butts Head With Creaky Banking Pay Systems". Bloomberg Business. Retrieved 2015-12-10.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  2. 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.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  3. 3.0 3.1 "itBit Raises $3.25 Million To Launch A New Global Bitcoin Exchange For Institutional Investors". TechCrunch. 2013-11-11. Retrieved 2014-02-19.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  4. "itBit Launches Bitcoin Exchange with $5.5M in Funding". The Genesis Block. Retrieved 2014-02-19.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  5. Ian Allison (2015-08-13). "Bitcoin exchange itBit opens up about its private and exclusive Bankchain project". International Business Times. Retrieved 2015-12-10.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  6. Ploshay, Jon (2014-07-07). "Seeing Opportunities In The US, itBit Relocates To NYC, Names New CEO". Retrieved 2014-07-07.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  7. Jerin Matthew. "Singapore's ItBit Capitalises on Transaction Malleability Issue at Other Bitcoin Exchanges". Retrieved 2014-02-19.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  8. Daniel Cawrey (@danielcawrey) (2014-02-16). "itBit Offers Incentives for Bitcoin Traders to Switch Exchanges". Retrieved 2014-02-21.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  9. Ploshay, Elizabeth (2013-11-11). "itBit to Launch as a Global Bitcoin Currency Exchange – Bitcoin Magazine". Retrieved 2014-02-19.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  10. Higgins, Stan (2015-05-07). "ItBit Nets $25 Million, Launches NYDFS-Approved Bitcoin Exchange". Retrieved 2015-12-10.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  11. "How Charles Cascarilla helped itBit defy naysayers to become bitcoin's first chartered company - New York Business Journal". New York Business Journal. 11 May 2015.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  12. Reem Nasr (2015-05-07). "NY grants first banking license to bitcoin exchange itBit". Retrieved 2015-08-12.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  13. "Bitcoin Exchange Receives First License in New York State". The New York Times. Retrieved 2015-08-12.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>