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Press

Read itBit's press releases and mentions in major media publications.

itBit in the News

Global Advisors Names itBit, Gemini Trust as Custodians for Bitcoin Fund
October 28 2016
Digital currency hedge fund Global Advisors has named Gemini Trust Company and itBit as custodians for its flagship Global Advisors Bitcoin Investment Fund ahead of a possible listing on the Channel Islands Securities...
itBit Named to 2016 FinTech 100 by H2 Ventures and KPMG
October 26 2016
The Fintech 100 report, by H2 Ventures and KPMG,  gives an in-depth look into global companies that are taking advantage of technology and driving disruption within the financial services industry.
Bitcoin exchanges partner with CME Group to launch trading benchmark tools
May 3 2016
“We are excited to work with CME and Crypto Facilities on what we expect will be a leading Bitcoin index,” said itBit’s VP of Product Kevin Wang.
Bitcoin Exchange itBit Launches OTC Trading Desk
July 21 2015
ItBit Institutional Client Group director Bobby Cho noted that the new product aims to appeal to large volume buyers who want to avoid exchange slippage, whereby their purchase moves the price of the market.
itBit Announces Launch of Global OTC Agency Trading Desk
July 21 2015
By using an OTC trading desk like the one introduced by itBit, large investors can make trades directly with other traders, without using an exchange. Many institutional investors prefer this because it allows them to...
CoinDesk Adds Coinbase and itBit to Bitcoin Price Index
July 21 2015
Marketing director Ben Pousty commented: "As the first and only regulated bitcoin exchange available to US customers nationwide, as well as traders around the world, itBit is a trusted platform within the industry."
Historic bitcoin regulation announced for Wall Street and beyond
June 3 2015
Last month, New York City-based itBit became the first cryptocurrency startup to receive a charter to operate as a trust company from the New York Department of Financial services, letting it do business in all 50 states, a...
Virtual Currency Regulation and Enforcement: Granting of First NY Charter and FinCEN Fine Demonstrate Continued Evolution for Virtual Currency Sector
May 27 2015
The limited purpose trust company charter awarded to itBit allows the company to commence its virtual currency operations immediately, sidestepping the soon-to-be-announced final BitLicense framework.
Look who's killing the great chiefs of Wall Street
May 19 2015
Earlier this month, itbit Trust Co. was granted a bank charter in New York. And sure enough, itBit, a bitcoin trading platform, was at Finovate last week touting its regulatory validation.
Bitcoin Just Reached Another Milestone in its Road to Legitimacy..
May 18 2015
...Earlier this month, New York state’s Department of Financial Services granted itBit, a startup bitcoin exchange, the first trust charter ever granted to a bitcoin exchange.
What itBit's Banking Law Charter Really Means
May 17 2015
Houman B Shadab is a professor of law at New York Law School. Here, he discusses what itBit's recent banking law charter means for other digital currency exchanges operating in the US and beyond.
itBit CEO: Bitcoin Can't Circumvent the Financial System
May 13 2015
itBit CEO Charles Cascarilla is confident that his exchange has done enough to separate its product owing to its status as "the only regulated entity in the entire bitcoin world".
itBit’s NY Virtual Currency License Could Provide Road Map
May 12 2015
The attorney who helped itBit Trust Co. LLC obtain the first charter to operate a virtual currency exchange under New York law said his clients’ preparations for heightened regulatory compliance prior to its application and...
Bitcoin Rules Divide Wall Street's Digital Currency Community
May 28 2015

"Not only does itBit support the coming rules, the company took the trouble to obtain a traditional banking license earlier this year -- the first bitcoin exchange in the U.S. to do so."

itBit U.S. Launch Press Release
May 7, 2015

Global Bitcoin Exchange itBit Today Starts Accepting U.S. Customers Nationwide Through New York State Trust Company Charter

Bitcoin comes to America: Now, with regulated exchange
May 7 2015
VIDEO: Charles “Chad” Cascarilla, CEO of itBit, tells Yahoo Finance’s Aaron Task in the video above that the approval is a big deal because he believes customers can now feel more comfortable with the virtual currency.
New York banking regulator grants first charter to bitcoin company
May 7 2015
"itBit Trust Company, LLC, a bitcoin exchange, has been granted a charter under New York State's banking law, becoming the first virtual currency company to receive a charter in the state, according to New York's Department...
ItBit CEO on launching a U.S. approved bitcoin exchange
May 8 2015
VIDEO: itBit is the first company in the U.S. to receive a license to operate bitcoin. CEO Chad Cascarilla with more on his bitcoin business.
Virtual currency can change financial services: itBit CEO
May 7 2015
VIDEO: New York has issued its first charter to global digital currency exchange itBit. Chad Cascarilla, itBit CEO, discusses if now is the right time to bet on bitcoin.
Bitcoin Exchange ItBit Gets A New York State Trust Company Charter After Raising $25 Million
May 7 2015
"The pains that itBit has taken to jump through regulatory hurdles have won it the support of heavy hitters like former Senator Bill Bradley, former FDIC chair Sheila Bair, and former chair of the financial accounting...
Bitcoin Exchange itBit Gets N.Y. Trust Charter, Bank Partner
May 7 2015
"itBit sought approval from New York regulators in order 'to serve as a custodian for our clients' assets and expand our services to U.S. customers,' CEO and co-founder Charles Cascarilla said in the release. The company...
NY banking regulator grants first bitcoin charter
May 7 2015
"The charter means itBit can begin operating immediately and will be under the supervision of New York's Department of Financial Services, Gina Chon reports in Washington."
BitBeat: itBit Open Shop In U.S. As a Trust Company, Raises $25 Million
May 7 2015
"Taken collectively, the moves signal the start-up’s intentions to be a mainstream commercial business, and a mainstream option for investors in the capital markets. It’s also the latest in a series of moves that are meshing...
Bitcoin Exchange Receives First License in New York State
May 7 2015
"New York State’s top financial regulator has granted the first license to a Bitcoin exchange, allowing it to open legally to customers across the country."
Bitcoin Exchange itBit Revealed as US Marshals Auction Winner
March 10, 2015
"New York-based bitcoin exchange itBit has revealed it was one of the three participants in the latest US Marshals Service (USMS) bitcoin auction to place a winning bid."
Digital Currency Magnates: itBit’s Antony Lewis Weighs in on Challenges for Bitcoin in 2015
January 9, 2015
itBit’s Antony Lewis addresses some of the challenges expected in 2015, including the prospect of liquidity improvements.
e-Forex Magazine: Getting the Measure of Bitcoin
January 6, 2015
“itBit is registered with FinCEN as a money-services business and we follow all applicable rules as they relate to money-transmission and money service businesses.” -- Bobby Cho, Director, itBit
CoinDesk: The Giant Awakens - Asia’s Top Bitcoin Stories 2014
December 31, 2014
“While itBit decided to shift its primary headquarters to New York to capture a share of the US-based trading market, Singapore remains a focal point for bitcoin.” -- Jon Southurst, CoinDesk
CoinDesk: OKCoin and itBit Added to CoinDesk Bitcoin Price Index Exchange
November 25, 2014
“Two more exchanges, OKCoin and itBit, have been added to CoinDesk's USD Bitcoin Price Index…Both exchanges see a significant amount of USD-BTC trade.”
Kansas City Star: Bitcoin Gets a Toehold in Kansas City as Dedicated Advocates Push the Virtual Currency
November 17, 2014
"We were No. 4 with 87 sites, mostly Asian restaurants and pizza places, and just ahead of San Francisco among the country’s friendliest bitcoin cities, according to itBit.com’s report." -- Mark Davis, Kansas City Star
IDG News Service: Companies Use Urban Office Locations to Attract IT Talent
November 6, 2014
“We need people who have deep financial technology experience… We’re trying to convince him or her that we have long-term prospects as a company. Part of that is where we are located.” -- Andrew Chang, COO, itBit
Upstart: The Future of Bitcoin Law
October 21, 2014
“We've been more in the business of asking for permission...Rather than asking for forgiveness. Which is more than I can say for a lot of our competitors.” -- Charles Cascarilla, CEO, itBit
Associated Press: New York Proposes Regulations for Bitcoin
July 17, 2014
“The currency exchange itBit said it intended to fully comply with regulations and said it applauded New York's ’thoughtful and transparent approach.’” -- Michael Virtanen, Associated Press
TechCrunch: Seeing Opportunities in the US, itBit Relocates to NYC, Names New CEO
July 7, 2014
“As the local governments across the U.S. begin taking the first steps to embrace bitcoin, startups like itBitare working feverishly to stake their claims.” -- Jonathan Shieber, TechCrunch
CoinDesk: itBit Hires Ex-PayPal Manager and SecondMarket Analyst
May 8, 2014
“itBit has announced two new hires it hopes will strengthen its credibility in the traditional financial industry and assure users it is being responsible with their funds.” -- Jon Southurst, CoinDesk
Bloomberg: Singapore to Regulate Bitcoin Operators for Laundering Risk
March 13, 2014
“As less professional outfits engaged in questionable activities are regulated out of the market, consumers win.” -- Antony Lewis, Director of Business Development, itBit
Wall Street Journal: Recent Bitcoin Venture Deals – A List
November 20, 2013
“Canaan Partners, RRE Ventures and Liberty City Ventures invested $3.25 million into a Singapore-based bitcoin exchange known as itBit Pte. Ltd.” -- Yuliya Chernova and Sonja Cheung, Wall Street Journal
Fortune: Term Sheet - Venture Capital Deals
November 12, 2013
“itBit, a Singapore-based global platform for trading Bitcoin with U.S. dollars, Singapore dollars and euros, has raised $3.25 million in VC funding.” -- Dan Primack, Fortune
TechCrunch: itBit Raises $3.25 Million to Launch a New Global Bitcoin Exchange for Institutional Investors
November 11, 2013
“itBit seeks to differentiate from many of the more consumer-focused exchanges out there by providing a higher level of security and compliance than some other options.” -- Ryan Lawler, TechCrunch
AllThingsD: Amid Bitcoin Price Volatility, Bitcoin Exchange itBit Launches With Backing From Canaan and RRE
November 11, 2013
“A new bitcoin exchange called itBit is launching today, and is announcing a $3.25 million investment from Canaan Partners, RRE Ventures and Liberty City Ventures.” -- Jason Del Rey, AllThingsD

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