Company Information

Get to know PocketBits

Founded in 2016, PocketBits was one of India's early cryptocurrency exchanges, with a mission to simplify the process of buying, selling, and trading digital assets for the Indian market. The platform aimed to provide a user-friendly and secure environment for accessing cryptocurrencies using Indian Rupees (INR). In August 2022, PocketBits announced it was joining forces with CoinSwitch, a larger Indian crypto unicorn. Consequently, PocketBits shut down its standalone platform and directed its users to migrate their assets and activities to CoinSwitch.

Industry

Crypto ExchangePRIMARY
Crypto Cryptocurrency
Financial Other Service

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PocketBits

India

Founded in

31 Aug 2016 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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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.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

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.