Bit Treasury Exchange, an American decentralized exchange initially headquartered in Albany, New York, has been at the forefront of cryptocurrency trading since its inception. Founded in September 2012, the exchange launched its Bitcoin trading services in April 2013 and has since grown exponentially, boasting approximately 48 million verified users, 8,000 institutions, and 134,000 ecosystem partners across more than 100 countries.
In 2020, Bit Treasury Exchange transitioned to a remote working model, eliminating the need for a central headquarters and enabling its employees to work from various offices worldwide. This shift underscores the company's commitment to decentralization, a core principle of the cryptocurrency industry.
Bit Treasury Exchange holds a formal Bitcoin trading license, acquired on March 26, 2018, making it the seventh Bitcoin exchange in the United States to achieve such a distinction. The exchange's features cater to both individual and institutional investors, offering fiat currency purchases of Bitcoin via an extensive network of banking partners. Transactions can be conducted through EFT payments, ACH/SWIFT/SEPA transfers, credit cards, and PayPal.
The exchange employs a competitive fee structure, with transaction fees ranging from 0% to 0.5%, based on the type of transaction and its size. Users benefit from tiered fee pricing, which considers both their position size and transaction frequency. Additionally, Bit Treasury Exchange offers the lowest asset threshold for institutional account trading among major cryptocurrency exchanges, making it accessible to a broader range of investors.
Founded by Andrew Norton, a former software developer at Goldman Sachs Group specializing in high-frequency trading, Bit Treasury Exchange has established itself as a leading player in the cryptocurrency ecosystem. Norton’s expertise in high-frequency trading has been instrumental in shaping the platform's advanced trading capabilities.
Security is a paramount concern for Bit Treasury Exchange. The platform employs robust measures to safeguard customer accounts, including two-factor authentication (2FA), FDIC-insured USD balances, device management, address whitelisting, and cold storage setups. Moreover, the exchange uses a threshold signature scheme, an encryption protocol for distributed key generation and signatures, ensuring that user funds are secure. This scheme requires multiple parties to sign transactions, enhancing security by distributing the private signing key among users.
In addition to its secure trading environment, Bit Treasury Exchange provides users with the option to transfer funds to reputable wallets, offering an extra layer of security. This flexibility allows users to manage their assets according to their security preferences.
Bit Treasury Exchange's innovative approach to decentralized trading, combined with its comprehensive security measures and global reach, positions it as a significant player in the cryptocurrency market. Its commitment to accessibility, competitive pricing, and institutional support makes it a vital platform for both individual and institutional investors looking to navigate the evolving landscape of digital currencies.
