---
title: Bitcoin Exchange itBit Gets N.Y. Trust Charter, Bank Partner
description: Bitcoin Exchange itBit Gets N.Y. Trust Charter, Bank Partner
image: https://insights.paxos.com/hubfs/_Press-External_Website_Logos/logo-americanbanker.png
---

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May 7 2015 [![logo-americanbanker.png](https://insights.paxos.com/hs-fs/hubfs/_Press-External_Website_Logos/logo-americanbanker.png?width=435&name=logo-americanbanker.png "logo-americanbanker.png")](http://www.americanbanker.com/news/law-regulation/bitcoin-exchange-itbit-gets-ny-trust-charter-bank-partner-1074203-1.html) http://www.americanbanker.com/news/law-regulation/bitcoin-exchange-itbit-gets-ny-trust-charter-bank-partner-1074203-1.html

## [Press](https://insights.paxos.com/h/press)

## Bitcoin Exchange itBit Gets N.Y. Trust Charter, Bank Partner

### Location

"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 holds bitcoin and fiat currency in custodial accounts." 

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