Founded in 2013, itBit was one of the first cryptocurrency exchanges to receive a trust company charter from the New York State Department of Financial Services (NYDFS) in 2015, allowing it to operate as a regulated custodian and exchange. It is operated by its parent company, Paxos Trust Company, a leading regulated blockchain and tokenization infrastructure platform. itBit's mission is to provide a secure, compliant, and reliable marketplace for trading digital assets, with a strong focus on serving institutional clients, fintech companies, and active traders through its proprietary exchange technology and robust regulatory oversight.