---
title: Bitcoin Exchange ItBit Gets A New York State Trust Company Charter After Raising $25 Million
description: Bitcoin Exchange ItBit Gets A New York State Trust Company Charter After Raising $25 Million
image: https://insights.paxos.com/hs-fs/hub/424565/file-2283216450.jpg
---

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May 7 2015 [![techcrunch-site-logo.png](https://insights.paxos.com/hs-fs/hub/424565/file-2283216450.jpg?width=250&name=file-2283216450.jpg "techcrunch-site-logo.png")](http://techcrunch.com/2015/05/07/bitcoin-exchange-itbit-gets-a-new-york-state-trust-company-charter-after-raising-25-million/?ncid=rss&utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+Techcrunch+%28TechCrunch%29) http://techcrunch.com/2015/05/07/bitcoin-exchange-itbit-gets-a-new-york-state-trust-company-charter-after-raising-25-million/?ncid=rss&utm\_source=twitterfeed&utm\_medium=twitter&utm\_campaign=Feed%3A+Techcrunch+%28TechCrunch%29

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## Bitcoin Exchange ItBit Gets A New York State Trust Company Charter After Raising $25 Million

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"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 services board, Robert Herz." 

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