Company Information

Get to know Bitfract

Bitfract was a cryptocurrency portfolio rebalancing tool designed to simplify diversification. Instead of conducting numerous individual trades on an exchange, users could send one cryptocurrency (like Bitcoin or Ethereum) to the platform and receive a chosen selection of dozens of other digital assets in a single, simple transaction. The company's mission was to make managing a diverse crypto portfolio faster and more efficient. In May 2018, Bitfract was acquired by the non-custodial cryptocurrency platform ShapeShift, which integrated its technology. The standalone Bitfract service is no longer operational.

Industry

Crypto CryptocurrencyPRIMARY
Financial Other Service

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Bitfract

United States

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.