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

itBit in the News

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...
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.
“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.
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.
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...
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."
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...
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.
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.
...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.
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 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".
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...

"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."

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

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.
"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...
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.
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.
"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...
"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...
"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 ."
"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...
"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."
"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."
itBit’s Antony Lewis addresses some of the challenges expected in 2015, including the prospect of liquidity improvements.
“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
“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
“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.”
"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’s report." -- Mark Davis, Kansas City Star
“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
“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
“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
“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
“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
“As less professional outfits engaged in questionable activities are regulated out of the market, consumers win.” -- Antony Lewis, Director of Business Development, itBit
“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
“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
“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
“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