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itBit's Overview

Total employees9
HeadquartersSingapore
Founded2012

itBit Pte. Ltd. is the Singapore-registered entity associated with the itBit cryptocurrency exchange, a platform now operated by Paxos, a leading regulated blockchain infrastructure company. Originally founded in 2012, itBit focused on providing institutional-grade cryptocurrency trading and custody services. After becoming part of Paxos, the itBit exchange continues to offer secure and compliant digital asset trading, deep liquidity, and reliable custody solutions, primarily catering to institutional clients and active traders. Paxos, and by extension itBit, emphasizes regulatory compliance, holding charters and licenses in key financial jurisdictions, including a Trust Charter from the New York State Department of Financial Services (NYDFS) for Paxos Trust Company and in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS) for Paxos Digital Singapore Pte. Ltd. The platform is known for its robust security measures and commitment to transparency in the digital asset space.

Where is itBit's Headquarters?

HQ Function

Serves as a key operational hub for Paxos in the Asia-Pacific region, supporting exchange operations (including itBit), client services, business development, and regulatory engagement within APAC.

Notable Features:

Modern office facilities situated in a prime business area, equipped to support a high-performance team focused on financial technology and digital assets. Designed for collaboration and security.

Work Culture:

A dynamic, innovative, and fast-paced environment characteristic of a leading fintech company. The culture emphasizes collaboration, adherence to regulatory standards, security, and the development of cutting-edge blockchain solutions.

HQ Significance:

The Singapore office is strategically important for Paxos' global strategy, facilitating access to the rapidly growing digital asset market in Asia and enabling engagement with regional regulatory frameworks.

Values Reflected in HQ: The office environment and operations reflect Paxos' core values of professionalism, innovation, security, transparency, and a strong commitment to regulatory compliance in the evolving digital asset ecosystem.

Location:

Through its integration with Paxos, itBit Pte. Ltd. is part of a global financial technology infrastructure. Paxos provides regulated digital asset services worldwide, including cryptocurrency brokerage, tokenization-as-a-service, the itBit crypto exchange, institutional-grade custody of digital assets, issuance of regulated stablecoins (like USDP and PYUSD), and securities and commodities settlement services for institutional clients across North America, Europe, and Asia.

Street Address:

80 Robinson Road, #08-01

City:

Singapore

State/Province:

Singapore

Country:

Singapore

itBit's Global Presence

New York, NY/USA

Address: 450 W 33rd Street, 10th Floor, New York, NY 10001, USA

Acts as the central hub for innovation, core operations, and is the primary point of contact with US regulators such as the New York State Department of Financial Services (NYDFS). Drives the development of stablecoins, custody solutions, and trading platforms.

London/United Kingdom

Address: Fora, 2 Capper Street, London, WC1E 6JA, United Kingdom

Supports Paxos's strategic expansion in the EMEA (Europe, Middle East, and Africa) region, providing localized services and ensuring adherence to regional financial regulations for its suite of products.

Buying Intent Signals for itBit

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of itBit

As of April 2025, itBit' leadership includes:

Charles Cascarilla - Co-Founder & Chief Executive Officer
Rajesh Nair - Chief Operating Officer
Ben Gray - Global General Counsel
Walter Hessert - Head of Strategy
Michael Coscetta - Chief Commercial Officer

Investors of itBit

itBit has been backed by several prominent investors over the years, including:

RRE Ventures (itBit/Paxos)
Liberty City Ventures (itBit/Paxos)
Canaan Partners (itBit)
Jay W. Jordan II (itBit)
Angle PArtners (itBit)
Valar Ventures (Paxos)
Declaration Partners (Paxos)
PayPal Ventures (Paxos)
Mithril Capital (Paxos)
Bank of America (Paxos)
FTX (Paxos)

Executive New Hires/Exits in the Last 12 Months

Hire3
Exits0

Paxos, the parent company of itBit, has made several strategic leadership appointments over the past 12-18 months to bolster its executive team, focusing on areas like People operations, legal expertise, and commercial expansion. No high-profile executive departures have been widely publicized in the immediate recent period.

New Appointments:

Michael Coscetta, Michael Coscetta was appointed as Chief Commercial Officer to spearhead global commercial strategy and drive revenue growth for Paxos.
Madan Nagaldinne, Madan Nagaldinne joined Paxos as Chief People Officer, bringing extensive experience in human resources and talent management in the tech industry.
J. Christopher Giancarlo, J. Christopher Giancarlo, former Chairman of the U.S. Commodity Futures Trading Commission (CFTC), was appointed to the Paxos Board of Directors, adding significant regulatory expertise.

Technology (Tech Stack) used by itBit

Discover the tools itBit uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

itBit Email Formats and Examples

Email addresses at Paxos, the operator of the itBit exchange, typically follow common corporate structures using the @paxos.com domain. The most frequently observed patterns are [first_initial][last] (e.g., jdoe@paxos.com) or [first].[last] (e.g., jane.doe@paxos.com).

[first_initial][last]@paxos.com or [first].[last]@paxos.com

Format

jdoe@paxos.com

Example

85%

Success rate

News and media

CoinDeskMay 29, 2024

PayPal Bringing PYUSD Stablecoin, Issued by Paxos, to Solana Blockchain

PayPal is expanding its U.S. dollar-pegged stablecoin, PYUSD, to the Solana blockchain. This move aims to offer users cheaper and faster transactions. Paxos Trust Company is the issuer of PYUSD and is responsible for maintaining the reserves backing the stablecoin....more

Paxos BlogMay 7, 2024

Paxos Launches Lift FedNow Send Service to Enable Instant Payouts for Businesses

Paxos announced the launch of its Lift FedNow Send service. This new service enables businesses to send instant payouts directly to bank accounts via the FedNow Service, significantly enhancing Paxos's payment infrastructure capabilities for its enterprise clients....more

Paxos BlogNovember 2, 2023

Paxos Digital Singapore Receives In-Principle Approval from the Monetary Authority of Singapore

Paxos Digital Singapore Pte. Ltd. announced that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. This approval will allow Paxos to offer digital payment token services and further expand its regulated digital asset and stablecoin offerings in the Asia-Pacific region....more

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