Company Information

Get to know Cubits

Cubits was a London-based cryptocurrency platform launched in 2014, operated by Dooga Ltd. It offered services for buying and selling Bitcoin, a digital wallet for storage, and a payment processing gateway for merchants to accept crypto payments. The platform gained traction as an easy-to-use bridge between traditional finance and digital currencies for both consumers and businesses. However, in late 2018, the company abruptly ceased operations and later filed for administration after falling victim to a major payment fraud, resulting in the loss of approximately €28.75 million worth of Bitcoin.

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Cubits

United Kingdom

Founded in

01 Nov 2014 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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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.