Company Information

Get to know Rare Bits

Founded in 2017, Rare Bits aimed to be the "Amazon for crypto assets," creating a centralized marketplace for non-fungible tokens (NFTs) from various blockchain games and platforms like CryptoKitties. The platform provided tools for users to trade unique digital assets with zero marketplace fees, a key differentiator at the time. After raising capital from prominent investors like Spark Capital and First Round Capital, the core team was acqui-hired by Coinbase in September 2019 to help build Coinbase's NFT marketplace. Following the acquisition, the Rare Bits platform was shut down.

Industry

Crypto ExchangePRIMARY
Crypto Cryptocurrency

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Rare Bits

United States

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

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.