The Pit was launched in mid-2019 by Blockchain.com as a high-performance cryptocurrency exchange designed to offer institutional and retail investors microsecond-latency trading. It was engineered by a team of veterans from the New York Stock Exchange, TD Ameritrade, and Google, aiming to be one of the fastest crypto trading platforms in the world. However, in 2020, Blockchain.com announced it was "sunsetting" The Pit brand and merging its features, liquidity, and user base directly into the unified Blockchain.com Exchange to provide a single, seamless trading experience under one brand.

Founded in

United States