Company Overview
Snapshot
Founded in January 2013 by Jonathan Rouach and Youval Rouach, Bits of Gold operates with 11–50 employees. The company has raised $500K across one funding round from 9 investors. In September 2022, Bits of Gold received a permanent financial services provider license, enhancing its operational capabilities and market position.
Business overview
Bits of Gold specializes in digital currency trading, enabling the Israeli public to buy and sell Bitcoin and Ethereum using various fiat currencies and payment methods including bank transfers, cash, and credit cards. The company also provides personal VIP services for high-volume transactions and liquidity services for ICOs. Bits of Gold operates within the Fintech & Insurtech sector, focusing on trading and investing, leveraging web platforms and DLT & Blockchain technologies to serve enterprise, professional services, and financial institutions, particularly banks.
Strategic signal
In September 2022, Bits of Gold secured a permanent financial services provider license. This regulatory approval is a significant validation for the company, signaling increased trust and stability in the volatile cryptocurrency market. It allows Bits of Gold to streamline customer transactions and potentially expand its cooperative ventures, positioning it for continued growth and broader market acceptance in Israel's financial landscape.
Log in to access full profile ›Company Intelligence Q&A
- What significant regulatory milestone did Bits of Gold achieve?
- In September 2022, Bits of Gold received a permanent financial services provider license, which is expected to facilitate customer transactions and strengthen its position in the market.
- Did Bits of Gold expand its services through partnerships?
- In September 2022, Bits of Gold launched the MaxBack Crypto credit card in partnership with credit card company Max, allowing users to receive cash back in Bitcoin.
- What was the outcome of the Israeli Supreme Court ruling regarding Bits of Gold's bank account?
- In June 2019, the Israeli Supreme Court ruled that Bits of Gold could continue operating its account at Israel’s Bank Leumi, overturning previous restrictions and enabling the company to maintain its operations.
- Has Bits of Gold pursued international expansion?
- In May 2019, Bits of Gold announced plans to enter the European market, launching services for international applications and exchanges to buy and sell Bitcoin and Ethereum, supported by updated website and financial systems.
- What strategic partnership did Bits of Gold form to boost institutional investments?
- In February 2019, Bits of Gold partnered with Silver Castle, Israel's first crypto investment firm, to enhance institutional investments on its platform, allowing investors to convert fiat to Bitcoin and access various crypto investment tools.