Company Information

Get to know The Pit

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.

Industry

Crypto ExchangePRIMARY
Financial Banking

Contact

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The Pit

United States

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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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.