---
title: "itBit CEO: Bitcoin Can't Circumvent the Financial System"
description: "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\"."
image: https://insights.paxos.com/hs-fs/hub/424565/file-2333676527.png
---

[![](https://insights.paxos.com/hubfs/itbit-gray.svg)](https://insights.paxos.com/)

[![](https://insights.paxos.com/hubfs/itbit-gray.svg)](https://insights.paxos.com/)

- [Open New Account](https://insights.paxos.com/signup)
- [Login](https://insights.paxos.com/login)
- [CONTACT US](https://insights.paxos.com/h/contactus)

- Research & Education 
    - [Education Library](http://w3.itbit.com/h/education)
- [Blog](http://w3.itbit.com/blog)
- Customer Support 
    - [Support Center](https://support.itbit.com/)
- About itBit 
    - [Press](http://w3.itbit.com/h/press)
    - [Careers](http://w3.itbit.com/h/careers)

- Research & Education 
    - [Education Library](http://w3.itbit.com/h/education)
- [Blog](http://w3.itbit.com/blog)
- Customer Support 
    - [Support Center](https://support.itbit.com/)
- About itBit 
    - [Press](http://w3.itbit.com/h/press)
    - [Careers](http://w3.itbit.com/h/careers)

May 13 2015 [![coindesk-logo.png](https://insights.paxos.com/hs-fs/hub/424565/file-2333676527.png?width=1285&name=file-2333676527.png "coindesk-logo.png")](http://www.coindesk.com/itbit-ceo-bitcoin-circumvent-financial-system/) http://www.coindesk.com/itbit-ceo-bitcoin-circumvent-financial-system/

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

## itBit CEO: Bitcoin Can't Circumvent the Financial System

### Location

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". 

[Back to Careers](https://insights.paxos.com/h/careers)

- [API](https://insights.paxos.com/h/api)
- [Blog](https://insights.paxos.com/blog)
- [Legal](https://insights.paxos.com/h/legal)
- [Careers](https://www.itbit.com/h/careers)

Copyright © 2014 itBit Pte. Ltd. All Rights Reserved

- [Contact Us](https://insights.paxos.com/h/contactus)
- [![](https://insights.paxos.com/hs-fs/file-2654911466-svg/_itBit_Social_Icons/googleplus-03.svg)](https://plus.google.com/101835477047346774052/posts)
- [![](https://insights.paxos.com/hs-fs/file-2683606358-svg/_itBit_Social_Icons/facebook-01.svg)](https://www.facebook.com/itbitwelcome)
- [![](https://insights.paxos.com/hs-fs/file-2654911471-svg/_itBit_Social_Icons/linkedin-04.svg)](https://www.linkedin.com/company/itbit-pte-ltd)
- [![](https://insights.paxos.com/hs-fs/file-2672941852-svg/_itBit_Social_Icons/twitter-02.svg)](https://twitter.com/itBit)

Bitcoin trading involves a high degree of risk. The bitcoin market is new and unproven and may not grow. Currently, there is relatively small use of bitcoin in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in bitcoin. In order to participate in the trading of bitcoin, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin.