Major Investors: Canaan Partners, RRE Ventures, Liberty City Ventures
Access to bitcoin in the form of an investment-grade trading platform still eludes the virtual currency. Singapore-based itBit plans to change that by bringing NASDAQ’s stock trading exchange to bitcoin. The company’s recent funding of $3.25m from a number of VC firms should help it to do that.
In addition to a web site, itBit has a JSON Public Web API. Source: itBit
In addition to a web site, itBit has a JSON Public Web API. Source: itBit
The company also plans to apply for regulatory approval in all fifty states, likely to be an expensive proposition. itBit CEO Rich Teo and CTO Jason Melo told CoinDesk back in November that the company chose Singapore as its base because it “has regulatory and banking systems in place that are friendly to a bitcoin-related business such as ours”.
