ItBit - Revision history

NotATether: ItBit History — NYDFS charter, Paxos rebrand, platform retirement / CME CF removal

2026-09-09T13:00:22Z

ItBit History — NYDFS charter, Paxos rebrand, platform retirement / CME CF removal

← Older revision		Revision as of 13:00, 9 September 2026
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	\|website=https://www.itbit.com		\|website=https://www.itbit.com
	}}		}}

	'''itBit''' (later associated with '''Paxos''') was a bitcoin exchange and New York limited purpose trust company. The itBit brand was folded into Paxos in 2016. The itBit trading venue was later retired, after which benchmark administrators removed it from CME CF constituent exchange lists.		'''itBit''' (later associated with '''Paxos''') was a bitcoin exchange and New York limited purpose trust company. The itBit brand was folded into Paxos in 2016. The itBit trading venue was later retired, after which benchmark administrators removed it from CME CF constituent exchange lists.

	~~{{lowercase}}~~		== History ==
			itBit was founded in 2012. In May 2015 the New York Department of Financial Services granted itBit a charter as a limited purpose trust company, making it an early NYDFS-supervised virtual currency exchange trust. Contemporary coverage treated the charter as a first of its kind for a bitcoin exchange in New York.<ref>[https://www.cnbc.com/2015/05/07/ny-grants-first-banking-license-to-bitcoin-exchange-itbit.html CNBC: NY grants charter to itBit (May 2015)]</ref>

			In September 2016 itBit rebranded as Paxos amid a broader blockchain and institutional pivot, while exchange activity continued under the evolving Paxos / itBit naming in market data contexts.<ref>[https://www.coindesk.com/markets/2016/09/14/itbit-rebrands-as-paxos-amid-blockchain-pivot CoinDesk: ItBit rebrands as Paxos]</ref>

			== Platform retirement and CME CF removal ==
			CF Benchmarks announced that, following retirement of the itBit trading platform, itBit Paxos would be removed as a CME CF Constituent Exchange effective 27 August 2026. The same notice stated itBit Paxos had already been suspended from affected benchmarks since 27 July 2026.<ref name="cfb">[https://www.cfbenchmarks.com/blog/removal-of-itbit-paxos-as-a-cme-cf-constituent-exchange-following-the-retirement-of-the-platform CF Benchmarks: Removal of itBit Paxos (Aug 2026)]</ref>

			Paxos continued other regulated businesses after the itBit venue retirement. This page covers the historical itBit exchange brand and the later retirement of that trading platform.

			== External links ==
			* [https://www.cfbenchmarks.com/blog/removal-of-itbit-paxos-as-a-cme-cf-constituent-exchange-following-the-retirement-of-the-platform CF Benchmarks: itBit Paxos removal]
			* [https://www.coindesk.com/markets/2016/09/14/itbit-rebrands-as-paxos-amid-blockchain-pivot CoinDesk: ItBit rebrands as Paxos]

	==References==		== References ==
	<references/>		<references />

	~~[[Category:Bitcoin]]~~		{{lowercase}}
	[[Category:~~Exchanges~~]]		[[Category:Defunct companies]]
	[[Category:~~Introduction~~]]		[[Category:Defunct exchanges]]

NotATether: ItBit — past-tense lead; remove discontinued warning ambox

2026-09-09T12:53:38Z

ItBit — past-tense lead; remove discontinued warning ambox

← Older revision		Revision as of 12:53, 9 September 2026
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	~~{{ambox~~
	~~\| type = warning~~
	\| text = '''Warning: This exchange has discontinued its services.''' Any acquisition of the domain does not represent the original owners, nor does it reflect the accuracy of the information shared here.
	}}

	{{infobox company\|name=itBit Trust Company, LLC\|image=[[File:itBit.png\|256px]]		{{infobox company\|name=itBit Trust Company, LLC\|image=[[File:itBit.png\|256px]]
	~~\|location=Singapore<br>New York City, NY, United States~~		\|industry=Exchange
	\|industry=~~[[exchange]]~~		\|founder=Charles Cascarilla, Richmond Teo
	~~\|foundation=April, 2012~~		\|foundation=April 2012
	\|founder=[[Charles Cascarilla]], [[Richmond Teo]]		\|defunct=mid-2026 (itBit trading platform retirement)
	\|~~twitter~~=itBit		\|headquarters=New York / Singapore (historical)
	\|~~facebook~~=~~itbitwelcome~~
	\|website=https://www.itbit.com		\|website=https://www.itbit.com
	}}'''itBit''' ~~is the Bitcoin branch of NY based blockchain~~ company ~~Paxos~~. itBit ~~re-branded as~~ Paxos in ~~September~~ 2016.~~<ref>[http://www~~.~~coindesk.com/itbit-rebrands-paxos-amid-blockchain-pivot/ CoinDesk: ItBit Rebrands as Paxos Amid Blockchain Pivot"]</ref>~~		}}
			'''itBit''' (later associated with '''Paxos''') was a bitcoin exchange and New York limited purpose trust company. The itBit brand was folded into Paxos in 2016. The itBit trading venue was later retired, after which benchmark administrators removed it from CME CF constituent exchange lists.

	On May 6th 2015, Paxos became the first bitcoin exchange to become a trust company, receiving a charter from the NYDFS.<ref>[https://twitter.com/BenLawsky/status/596329021694210049 Ben Lawsky on Twitter: "Big day. New York issues first charter to a virtual currency company: @itBit (a Bitcoin Exchange) http://t.co/CXrYTrtpGk"]</ref>		{{lowercase}}

	==References==		==References==
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	[[Category:Exchanges]]		[[Category:Exchanges]]
	[[Category:Introduction]]		[[Category:Introduction]]
	~~{{lowercase}}~~

WikiR: Added a warning box to clarify that the exchange is no longer operational and any domain acquisition does not reflect the original entity.

2025-02-18T23:24:31Z

Added a warning box to clarify that the exchange is no longer operational and any domain acquisition does not reflect the original entity.

← Older revision		Revision as of 23:24, 18 February 2025
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			{{ambox
			\| type = warning
			\| text = '''Warning: This exchange has discontinued its services.''' Any acquisition of the domain does not represent the original owners, nor does it reflect the accuracy of the information shared here.
			}}

	{{infobox company\|name=itBit Trust Company, LLC\|image=[[File:itBit.png\|256px]]		{{infobox company\|name=itBit Trust Company, LLC\|image=[[File:itBit.png\|256px]]
	\|location=Singapore<br>New York City, NY, United States		\|location=Singapore<br>New York City, NY, United States

Bitcoinburrow: itBit now Paxos

2016-09-20T15:20:57Z

itBit now Paxos

← Older revision		Revision as of 15:20, 20 September 2016
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	\|facebook=itbitwelcome		\|facebook=itbitwelcome
	\|website=https://www.itbit.com		\|website=https://www.itbit.com
	}}'''itBit''' is ~~a Venture Capital funded global digital currencies exchange~~ based in ~~Singapore~~.		}}'''itBit''' is the Bitcoin branch of NY based blockchain company Paxos. itBit re-branded as Paxos in September 2016.<ref>[http://www.coindesk.com/itbit-rebrands-paxos-amid-blockchain-pivot/ CoinDesk: ItBit Rebrands as Paxos Amid Blockchain Pivot"]</ref>

	On May 6th 2015, ~~itBit~~ became the first bitcoin exchange to become a trust company, receiving a charter from the NYDFS.<ref>[https://twitter.com/BenLawsky/status/596329021694210049 Ben Lawsky on Twitter: "Big day. New York issues first charter to a virtual currency company: @itBit (a Bitcoin Exchange) http://t.co/CXrYTrtpGk"]</ref>		On May 6th 2015, Paxos became the first bitcoin exchange to become a trust company, receiving a charter from the NYDFS.<ref>[https://twitter.com/BenLawsky/status/596329021694210049 Ben Lawsky on Twitter: "Big day. New York issues first charter to a virtual currency company: @itBit (a Bitcoin Exchange) http://t.co/CXrYTrtpGk"]</ref>

	==References==		==References==

Taras at 01:18, 26 August 2015

2015-08-26T01:18:11Z

← Older revision		Revision as of 01:18, 26 August 2015
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	\|facebook=itbitwelcome		\|facebook=itbitwelcome
	\|website=https://www.itbit.com		\|website=https://www.itbit.com
	}}		}}'''itBit''' is a Venture Capital funded global digital currencies exchange based in Singapore.

			On May 6th 2015, itBit became the first bitcoin exchange to become a trust company, receiving a charter from the NYDFS.<ref>[https://twitter.com/BenLawsky/status/596329021694210049 Ben Lawsky on Twitter: "Big day. New York issues first charter to a virtual currency company: @itBit (a Bitcoin Exchange) http://t.co/CXrYTrtpGk"]</ref>
	~~itBit Trust Company, LLC is a Venture Capital funded global digital currencies exchange based in Singapore.~~

	On May 6th 2015, itBit became the first bitcoin exchange to become a trust company, receiving a charter from the NYDFS<ref>[https://twitter.com/BenLawsky/status/596329021694210049 Ben Lawsky on Twitter: "Big day. New York issues first charter to a virtual currency company: @itBit (a Bitcoin Exchange) http://t.co/CXrYTrtpGk"]</ref>

	==References==		==References==
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	[[Category:Exchanges]]		[[Category:Exchanges]]
	[[Category:Introduction]]		[[Category:Introduction]]
			{{lowercase}}

Chmod755: removed advertisement language, added trust charter mention

2015-08-26T00:03:53Z

removed advertisement language, added trust charter mention

← Older revision		Revision as of 00:03, 26 August 2015
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	~~{{advert}}~~itBit is a Venture Capital funded global digital currencies exchange based in Singapore~~. We match buyers and sellers of Bitcoins vs USD, SGD, and EUR~~.		itBit Trust Company, LLC is a Venture Capital funded global digital currencies exchange based in Singapore.

	~~We differentiate ourselves~~ from ~~many of~~ the ~~more consumer-focused exchanges by~~		On May 6th 2015, itBit became the first bitcoin exchange to become a trust company, receiving a charter from the NYDFS<ref>[https://twitter.com/BenLawsky/status/596329021694210049 Ben Lawsky on Twitter: "Big day. New York issues first charter to a virtual currency company: @itBit (a Bitcoin Exchange) http://t.co/CXrYTrtpGk"]</ref>

	~~- Committing to a higher level of security and regulatory compliance~~		==References==
			<references/>
	~~- Using robust industry-standard technology~~

	~~- Partnering with an automated market maker for deep liquidity~~

	~~- and by being fully transparent in our operations~~


	~~Website~~
	~~https:/~~/~~www.itbit.com~~

	[[Category:Bitcoin]]		[[Category:Bitcoin]]
	[[Category:Exchanges]]		[[Category:Exchanges]]
	[[Category:Introduction]]		[[Category:Introduction]]
	~~{{wp}}{{lowercase}}~~

Chmod755: Added company infobox

2015-08-25T21:17:31Z

Added company infobox

← Older revision		Revision as of 21:17, 25 August 2015
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			{{infobox company\|name=itBit Trust Company, LLC\|image=[[File:itBit.png\|256px]]
			\|location=Singapore<br>New York City, NY, United States
			\|industry=[[exchange]]
			\|foundation=April, 2012
			\|founder=[[Charles Cascarilla]], [[Richmond Teo]]
			\|twitter=itBit
			\|facebook=itbitwelcome
			\|website=https://www.itbit.com
			}}


	{{advert}}itBit is a Venture Capital funded global digital currencies exchange based in Singapore. We match buyers and sellers of Bitcoins vs USD, SGD, and EUR.		{{advert}}itBit is a Venture Capital funded global digital currencies exchange based in Singapore. We match buyers and sellers of Bitcoins vs USD, SGD, and EUR.

Taras at 01:03, 7 November 2014

2014-11-07T01:03:21Z

← Older revision		Revision as of 01:03, 7 November 2014
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	[[Category:Exchanges]]		[[Category:Exchanges]]
	[[Category:Introduction]]		[[Category:Introduction]]
	{{wp}}		{{wp}}{{lowercase}}

Taras: wp

2014-10-03T02:50:43Z

← Older revision		Revision as of 02:50, 3 October 2014
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	[[Category:Exchanges]]		[[Category:Exchanges]]
	[[Category:Introduction]]		[[Category:Introduction]]
			{{wp}}

Taras: Taras moved page Itbit.com to ItBit

2014-08-17T02:29:12Z

Taras moved page Itbit.com to ItBit

← Older revision	Revision as of 02:29, 17 August 2014
(No difference)