Company Information

Get to know bitx

Founded as BitX in Singapore in 2013 by Marcus Swanepoel and Timothy Stranex, the company's mission is to "upgrade the world to a better financial system." Initially focused on emerging markets, BitX provided a secure and accessible platform for Bitcoin services. In 2017, the company rebranded to Luno to reflect its global expansion and a broader vision beyond just Bitcoin. Luno has since moved its headquarters to London and expanded its services to include a range of cryptocurrencies. In 2020, it was acquired by the Digital Currency Group (DCG), a major global investor in the blockchain sector.

Industry

Crypto ExchangePRIMARY
Financial Other Service

Contact

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bitx

Indonesia

Founded in

2013 (13 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

(2,283 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.