Bit2c

growth-positive

Bit2C, an Israeli cryptocurrency exchange, has successfully raised 4,176,187 ILS in its second funding round on the PiplBiz platform. The company, founded in 2013, has experienced significant growth in revenue and customer base. Bit2C provides a secure trading platform for buying and selling digital currencies, as well as managing and storing digital assets. The company aims to go public on the Tel Aviv Stock Exchange and expand into the US market. Over the past eight years, Bit2Cs customers have conducted hundreds of thousands of transactions with a total volume of over 1.3 billion ILS. The growing global financial instability and events like the COVID-19 pandemic have created opportunities for the cryptocurrency market.

growth-positive

Israeli digital currency exchange Bit2C is seeking to raise up to ILS4m ($1.2m) through crowdfunding platform PipelBiz. The funds will be used to finance its operations, develop and upgrade its trading platform, obtain a financial asset service provider license, and develop its business and a digital wallet app. Bit2C, which was established in 2013, has more than 10,000 customers who have made hundreds of thousands of transactions totalling nearly ILS1bn ($290m).

growth-positive

The Annual Cryptocurrency Conference in Tel Aviv focused on topics such as regulation, tokenization of assets, and the utility of security tokens. Participants called for better regulation in the industry, while discussing the progress of tokenization, particularly in the US real estate market. There were disputes over the viability of security tokens, with concerns raised about the challenges and profitability of raising capital through them. The former Israeli Securities Authoritys chief economist highlighted the difficulties in governing the cryptocurrency industry. Despite the challenges, Bit2Cs CEO expressed optimism about the future of cryptocurrency and its role in the financial evolution.

growth-positive

Israel-based Bit2C crypto exchange platform has expanded its services to the European market after merging with Gibraltar-based EYOS. Bit2C aims to increase liquidity in the European crypto market and plans to add more cryptocurrencies after obtaining licenses from Israeli and European regulatory agencies. EYOS is in the final stages of receiving a DLT license from the Gibraltar Financial Services Commission. The merger with EYOS allows Bit2C to provide its unique services to the European market, targeting companies in the finance sector. Gibraltar, a British Overseas territory, created its DLT license to attract cryptocurrency and blockchain investors. Bit2C has over 20,000 clients and an average daily trading volume of $36,600.