The Best Bitcoin Wallets And Exchanges In Kenya. This is a list of Nyongesa Sande articles about for-profit companies with notable commercial activities related to bitcoin. Common services are cryptocurrency wallet providers, bitcoin exchanges, payment service providers and venture capital. Other services include mining pools, cloud mining, peer-to-peer lending, exchange-traded funds, over-the-counter trading, gambling, micropayments, affiliates and prediction markets.
List of bitcoin organizations
This is a list of nonprofit organizations with notable activities related to bitcoin.
- Bitcoin Center NYC
- Bitcoin Foundation
- BitGive Foundation
- Pineapple Fund
Here is a The Best Bitcoin Wallets And Exchanges In Kenya
Binance
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high frequency trading software. Binance was initially based in China, but later moved its headquarters out of China following the Chinese government’s increasing regulation of cryptocurrency.
In 2021, Binance was put under investigation by both the United States Department of Justice and Internal Revenue Service on allegations of money laundering and tax offenses. The UK’s Financial Conduct Authority ordered Binance to stop all regulated activity in the United Kingdom in June 2021. In February 2022, Binance donated $10 million for humanitarian needs in Ukraine amid the 2022 Russian invasion of Ukraine.
Bitcoin.com
Bitcoin.com is a Bitcoin and cryptocurrency-related web portal, news outlet, cryptocurrency wallet developer, and financial services company. The Bitcoin.com domain name was registered in January of 2008, a year before the Bitcoin network was launched by its pseudonymous creator Satoshi Nakamoto. Roger Ver, gained control of the Bitcoin.com domain name in April 2014 where he leased it to Blockchain.info, and then later to OKCoin.
In May 2015, the 5-year agreement was terminated by OKCoin who issued a statement claiming the agreement regarding the domain was invalid due to the entity named in the documents not being representative of the actual company. Ver sued OKCoin’s Hong Kong entity over contract breaches and was awarded a $570,000 judgement by a Hong Kong court in November 2017.
Bitfinex
Bitfinex is a cryptocurrency exchange owned and operated by iFinex Inc registered in the British Virgin Islands. Their customers’ money has been stolen or lost in several incidents, and they have been unable to secure normal banking relationships. Research suggests that price manipulation of bitcoin on Bitfinex accounted for about half of the price increase of bitcoin in late 2017.
Bitfinex was founded in December 2012 as a peer-to-peer Bitcoin exchange, offering digital asset trading services to users around the world. Bitfinex initially started as a P2P margin lending platform for Bitcoin and later added support for more cryptocurrencies.
In May 2015 the exchange was hacked, which resulted in loss of 1,500 Bitcoins or about $400,000 USD of their customers assets. In October 2018, Bitfinex again had serious difficulties with its banking relationships. Its management stated “Bitfinex is not insolvent on October 7.”
In June 2016, the U.S. Commodity Futures Trading Commission ordered Bitfinex to pay a $75,000 fine for offering illegal off-exchanged financed commodity transactions. The order also found that Bitfinex violated the Commodity Exchange Act by not registering as a Futures Commission Merchant.
BitGo
BitGo is a digital asset trust company and security company, headquartered in Palo Alto, California. It was founded in 2013 by Mike Belshe and Ben Davenport. Galaxy Digital announced its acquisition of BitGo in 2021 for $1.2 billion.
The company offers a multisignature bitcoin wallet service, where keys are divided among a number of owners to manage risk. Generally, BitGo wallets have three keys: one held by BitGo, and two held by the wallet’s owner. Wallets can be configured in both hot and cold configurations, as well as non-custodial and custodial configurations.
BitGo also serves as the sole custodian for bitcoin that people deposit to receive a tokenized form of that bitcoin known as Wrapped Bitcoin or WBTC that can be exchanged on the Ethereum blockchain.
BitMain
Bitmain Technologies Ltd., is a privately owned company headquartered in Beijing, China that designs application-specific integrated circuit (ASIC) chips for bitcoin mining. It was founded by Micree Zhan and Jihan Wu in 2013. Prior to founding Bitmain, Wu was a financial analyst and private equity fund manager and Zhan was running DivaIP, a startup that allowed users to stream television to a computer screen via a set-top box.
By 2018 it had become the world’s largest designer of application-specific integrated circuit (ASIC) chips for bitcoin mining. The company also operates BTC.com and Antpool, historically two of the largest mining pools for bitcoin. In an effort to boost Bitcoin Cash (BCH) prices, Antpool “burned” 12% of the BCH they mined by sending them to irrecoverable addresses.
BitMEX
BitMEX is a cryptocurrency exchange and derivative trading platform. It is owned and operated by HDR Global Trading Limited, which is registered in the Seychelles. BitMEX was founded in 2014 by Arthur Hayes, Ben Delo, and Samuel Reed, with financing from family and friends. Bitmex completed a SAFE round of investment in July 2015 then shortly after was inducted into SOSV batch 8 china accelerator program where it sold equity in exchange for labour and financing.
In 2016, the exchange introduced perpetual futures, which became its most popular derivative product. In 2018, Delo became the United Kingdom’s first billionaire from bitcoin, and its youngest self-made billionaire.
In July 2019, Nouriel Roubini, a critic of cryptocurrencies, suggested that the exchange is involved in illegal activities, allowing traders to take on too much risk and by trading against clients. Two days later, it was reported by Bloomberg that the Commodity Futures Trading Commission (CFTC) was investigating BitMEX as to whether they broke rules by allowing Americans to trade on the platform.
BitPay
BitPay is a bitcoin payment service provider headquartered in Atlanta, Georgia, United States. It was founded in May 2011 by Tony Gallippi and Stephen Pair. BitPay provides Bitcoin and Bitcoin Cash payment processing services for merchants. BitPay was founded in 2011 to provide mobile checkout services to companies that wanted to accept bitcoins. By October 2012, BitPay had grown to having 1,100 active merchants, including being WordPress’s bitcoin merchant.
BitPay announced in January 2013 that they would be relocating their headquarters to Atlanta, Georgia, from their previous location, Orlando, Florida. The move came following the announcement the company had secured $510,000 in seed funding. According to the company’s co-founder, the city of Atlanta was chosen due to the number of fintech companies located in Georgia. In May 2013, BitPay announced that they had raised $2 million via Founders Fund.
In September 2013, the company announced it had reached the milestone of 10,000 merchants. Gallippi stated that since the foundation of the company, they had processed over $34m, which was equivalent to 270,830 bitcoins at the time on the Bitcoin Price Index.
Bitstamp
Bitstamp is a cryptocurrency exchange based in Luxembourg. It allows trading between fiat currency, bitcoin and other cryptocurrencies. It allows USD, EUR, GBP, bitcoin, ALGO, XRP, Ether, litecoin, bitcoin cash, XLM, Link, OMG Network, USD Coin or PAX deposits and withdrawals.
The company was founded as a European-focused alternative to then-dominant bitcoin exchange Mt. Gox. While the company trades in US dollars, it accepts fiat money deposits for free only via the European Union’s Single Euro Payments Area, a mechanism for transferring money between European bank accounts. Bitstamp offers an API to allow clients to use custom software to access and control their accounts.
Bitwala
Bitwala (now Nuri) is a blockchain banking service, headquartered in Berlin, Germany that was founded by Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones in October 2015. Bitwala’s concept first emerged in October 2015 when its founders Jörg von Minckwitz, Jan Goslicki, and Benjamin P. Jones launched operations for a global blockchain-based payment service provider headquartered in Berlin, Germany. According to Wired, in contrast to other money transfer services like Western Union, Money Gram, and Transferwise, the German startup utilised digital currency to offer a much faster and cheaper solution.
During Bitwala’s formerly hosted a product with a global reach. Their services enabled SEPA and SWIFT money transfers by exchanging Bitcoin or Altcoins to over 20 fiat currencies to any bank account in over 200 countries worldwide. In January 2018, Bitwala stopped their services when their prepaid card provider, WaveCrest Holdings LTD had its VISA license withdrawn due to compliance issues. The company was amongst many cryptocurrency service providers including CryptoPay, TenX and Wirex that could no longer sustain their full product offering.
Blockchain.com
Blockchain.com (formerly Blockchain.info) is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics.
Blockchain.com is a private company. The company is led by CEO Peter Smith, one of its three founders. The company’s board members include: Smith; co-founder Nicolas Cary; Antony Jenkins; Jim Messina, the former deputy chief of staff for Barack Obama, and Jeremy Liew, a partner at Lightspeed Venture Partners.
Blockstream
Blockstream is a blockchain technology company led by co-founder Adam Back, headquartered in Victoria, Canada, with offices and staff worldwide. The company develops a range of products and services for the storage and transfer of Bitcoin and other digital assets. The company has raised $210M to date from investors, including venture capital firms Horizons Ventures, Mosaic Ventures, and AXA Strategic Ventures.
On October 12, 2015, Blockstream announced the release of its Liquid sidechain prototype which could allow for the transfer of assets between the Liquid sidechain and the bitcoin main blockchain. On October 11, 2018, a production-ready implementation of the Liquid sidechain was officially launched, called the Liquid Network, which is designed to facilitate interoperability between the Bitcoin main chain and the Liquid sidechain to extend Bitcoin’s capabilities.
Liquid is built using Elements Core, a sidechain protocol also designed by Blockstream and built on the Bitcoin Core codebase, which introduces several new features including Confidential Transactions, Segregated Witnesses (or SegWit), native asset issuance, and new opcodes. Elements Core version 0.18.1.6 was released in March 2020.
BTC-e
BTC-e was a cryptocurrency trading platform until the U.S. government seized their website in 2017. It was founded in July 2011 by Alexander Vinnik and Aleksandr Bilyuchenko, and as of February 2015 handled around 3% of all Bitcoin exchange volume. Until the 25th of July 2017, it allowed trading between the U. S. dollar, Russian ruble and euro currencies, and the Bitcoin, Litecoin, Namecoin, Novacoin, Peercoin, Dash and Ethereum cryptocurrencies. It was a component of the CoinDesk Bitcoin Price Index since the index’s September 2013 formation.
BTC-e was operated by ALWAYS EFFICIENT LLP which is registered in London and is listed as having 2 officers (Sandra Gina Esparon and Evaline Sophie Joubert) and two people with significant control: Alexander Buyanov and Andrii Shvets.
The US Justice Department attempted to close down BTC-e on the 26th of July 2017 when they charged Vinnik and BTC-e in a 21-count indictment for operating an alleged international money laundering scheme and allegedly laundering funds from the hack of Mt. Gox
Canaan Creative
Canaan Creative, also known as Canaan, is a computer hardware manufacturer headquartered in China. Established in 2013 by Nangeng “N.G.” Zhang, Canaan specializes in Blockchain servers and ASIC microprocessor solutions for use in bitcoin mining.
In 2013, during studying for a doctor’s degree, N.G. Zhang established Canaan Creative, where he served as the chairman and CEO.
In 2016, Canaan attempted a reverse takeover for $466 Millions USD by Shandong Luyitong, a public company listed on the Shenzhen Stock Exchange.
Circle
Circle is a peer-to-peer payments technology company. It was founded by Jeremy Allaire and Sean Neville in October 2013. Circle’s mobile payment platform, Circle Pay, allows users to hold, send, and receive traditional fiat currencies. In September 2015, Circle received the first BitLicense issued from the New York State Department of Financial Services. In April 2016, the British government approved the first virtual currency licensure to Circle. Circle is headquartered in Boston, Massachusetts.
Up until December 2016, Circle Pay also operated as a Bitcoin wallet service to buy and sell Bitcoins. It has since ceased to provide such service, claiming the company “is now more than ever not a consumer bitcoin exchange, and will continue to focus resources on global social payments and future next-generation blockchain technology”.
In February 2020, Circle sold its digital asset trading platform to Voyager Digital. In July 2021, Circle announced a plan to merge with a special-purpose acquisition company called Concord Acquisition Corp. to go public, a deal that values the company at $4.5 billion. Circle is the issuer of the USDC stablecoin
Coinbase
Coinbase Global, Inc., branded Coinbase, is an American company that operates a cryptocurrency exchange platform. Coinbase is a distributed company; all employees operate via remote work and the company lacks a physical headquarters. It is the largest cryptocurrency exchange in the United States by trading volume. The company was founded in 2012 by Brian Armstrong and Fred Ehrsam
Coinbase was founded in June 2012 by Brian Armstrong, a former Airbnb engineer. Armstrong enrolled in the Y Combinator startup incubator program and received a $150,000 cash infusion. Fred Ehrsam, a former Goldman Sachs trader, later joined as a co-founder. British programmer and Blockchain.info co-founder Ben Reeves was originally supposed to be part of the Coinbase founding team but parted ways with Armstrong just before the Y Combinator funding event, due to their different stands on how the Coinbase wallet should operate. The company is named after coinbase transactions, which are special transactions that introduce cryptocurrency into circulation in proof of work cryptocurrencies. In October 2012 the company launched the services to buy and sell bitcoins through bank transfers.
Coincheck
Coincheck is a Japanese bitcoin wallet and exchange service headquartered in Tokyo, Japan, founded by Koichiro Wada and Yusuke Otsuka. It operates exchanges between bitcoin, ether and fiat currencies in Japan, and bitcoin transactions and storage in some countries. In April 2018, Coincheck was acquired by Monex Group for 3.6 billion yen. (US33.4 million)
Coincheck since 2016 has been the trademark name of a numismatic supply company located and trademark registered in the United States since 2016.
CoinDesk
CoinDesk is a news site specializing in bitcoin and digital currencies. The site was founded by Shakil Khan and was subsequently acquired by Digital Currency Group. CoinDesk began publishing in May 2013, and was founded by serial entrepreneur Shakil Khan. Khan is also an investor in BitPay, a bitcoin payment processor. In September 2013, Jon Matonis, former executive director of the Bitcoin Foundation, joined CoinDesk as a contributing editor.
CoinDesk also provides guides to bitcoin for those new to digital currencies. In January 2016, CoinDesk was acquired by Digital Currency Group for an estimated amount of US$500K-600K. In January 2017, the company acquired Lawnmower, a blockchain data and research platform. In January 2021, the company acquired TradeBlock, a cryptocurrency data analytics firm. On December 2017, Coindesk established CoinDesk Korea in collaboration with the 22nd Century Media Co., subsidiary of Hankyoreh Co., Ltd. to provide blockchain news service in South Korea.
Digital Asset Holdings
Digital Asset (or Digital Asset Holdings, LLC) is a financial technology company founded in 2014 by Sunil Hirani and Don R. Wilson. It builds products based on distributed ledger technology (DLT) for banks and other financial institutions.
On June 25, 2015 the Moneybeat column from The Wall Street Journal wrote that the “acquisition of HyperLedger might raise eyebrows in the bitcoin community, where there is aversion to the idea that Wall Street might co-opt blockchain technology and strip it of its decentralized nature.”
Gemini
Gemini Trust Company, LLC (Gemini) is a cryptocurrency exchange and custodian that allows customers to buy, sell, and store digital assets. It is a New York trust company that is regulated by the New York State Department of Financial Services (NYDFS) and was founded in 2014 by Cameron and Tyler Winklevoss.
In June 2016, Gemini became the world’s first licensed ether exchange. In May 2018, it was announced that Gemini had become the world’s first licensed Zcash exchange. Currently, it operates in the United States, Canada, the United Kingdom, South Korea, Hong Kong, and Singapore. Primary competitors include Coinbase, Binance, Bitstamp, and Kraken. All users are able to trade cryptocurrency and fiat currency on an open market. Users are able to transfer USD to and from their bank accounts.
Gemini began in order to facilitate the purchase and storage of Bitcoin through a complex system of private keys and password protected environments. Only a small percentage of the total bitcoin on the exchange is held online to minimize the risk of loss from hacking.
Gemini was the first exchange to launch bitcoin futures contracts in December 2017. The Chicago Board Options Exchange (CBOE) uses Gemini “as the basis for the daily settlement for the bitcoin futures”
Ghash.io (CEX.IO)
GHash.io was a bitcoin mining pool that operated from 2013-2016. The pool gained notoriety for briefly controlling more than 51% of bitcoin’s computing power in 2014 (notable in that bitcoin was supposedly outside of any party’s control).
GHash.io was founded and owned by CEX.io, a cryptocurrency exchange that continues to operate today. Apart from mining bitcoin, GHash.io hosted a multipool for mining altcoins, as well as separate pools for mining Litecoin, Dogecoin, Auroracoin, and Darkcoin. Altcoin mining options were available for independent miners, while bitcoin mining could also be done in the cloud by purchasing cloud-based mining power on CEX.io.
Traders on CEX.io could buy shares of GHash.io mining hardware to operate on the GHash.io mining pool. After GHash.io closed in 2016, CEX.io continued operating as a bitcoin exchange.
Huobi
Huobi (Chinese: 火币网; pinyin: Huǒbìwǎng) is a Seychelles-based cryptocurrency exchange. Founded in China, the company now has offices in Hong Kong, South Korea, Japan and the United States. In August 2018 it became a publicly listed Hong Kong company.
Following a 2017 ban on Bitcoin exchanges by the Chinese government, Huobi stopped Bitcoin withdrawals. Huobi China continues to operate as a blockchain consulting and research platform. As of March 2018, Huobi processed around US $1 billion in trades daily.
Kraken
Kraken is a United States-based cryptocurrency exchange and bank, founded in 2011. The exchange provides trading between cryptocurrency and fiat currencies, and provides price information to Bloomberg Terminal. As of December 2021, Kraken is available to residents of 48 US states and 176 countries, and lists 95 cryptocurrencies available for trade,
Kraken supports all countries, except those mentioned below:
- Cuba
- Iran
- North Korea
Kraken CEO Jesse Powell has responded to calls for his company to freeze the crypto assets of Russians amid its attack on Ukraine.
But the cofounder of one of the most popular crypto trading venues in the U.S. has refused, explaining his position in a Twitter thread. While he has “deep respect” for the people of Ukraine, he said he believes crypto should enforce individualism, rather than nationalistic alliance to a country. “Besides, if we were going to voluntarily freeze financial accounts of residents of countries unjustly attacking and provoking violence around the world, step 1 would be to freeze all U.S. accounts,” Powell wrote on Twitter. “As a practical matter, that’s not really a viable business option for us.”
LocalBitcoins
LocalBitcoins is a peer-to-peer bitcoin exchange platform based in Helsinki, Finland. Its service facilitates over-the-counter trading of local currency for bitcoins. Users post advertisements on the website, where they state exchange rates and payment methods for buying or selling bitcoins.
Other users reply to these advertisements and make the payment in their specified payment method. As of December 2020, LocalBitcoins has over 1,000,000 active traders with a trade volume of 612 million US dollars between October and December 2020
OKEx
OKX, formerly known as OKEx, is one of the largest crypto spot and derivatives trading exchanges. OKX is a Seychelles-based cryptocurrency exchange that provides a platform for trading various instruments such as spot and derivative. Some of the exchange’s core features include spot and derivative trading.
It was founded in 2017. OKX is owned by Ok Group which also owns crypto exchange Okcoin. It is not available to US based investors.
Paxos
Paxos Trust Company is a New York-based financial institution and technology company specializing in blockchain. The company’s product offerings include a cryptocurrency brokerage service, asset tokenization services, and settlement services.
ItBit, a bitcoin exchange run by Paxos, was the first bitcoin exchange to be licensed by the New York State Department of Financial Services, granting the company the ability to be the custodian and exchange for customers in the United States. Paxos was founded in 2012 and is based in New York City, with offices in London and Singapore. As of April 2021, the company has received $540 million in funding.
ShapeShift
The company was founded July 1, 2014 in Switzerland by Erik Voorhees. He cites the collapse of the Mt. Gox exchange as an impetus for creation of Shapeshift, as it demonstrated the need to create a method of exchange where customer funds were not held in custody by a third-party. In March 2015, the company received a US$525,000 seed-stage investment by Roger Ver and Barry Silbert.
Additional funding totaling US$1.6 million were raised by September 2015, from investors in a second funding round including Digital Currency Group, Bitfinex, Bitcoin Capital and Mardal Investments.
ShapeShift released initially on the iOS platform in June 2015, allowing users to swap 25 digital currencies and value tokens. As of September 2015, there were over 40 different digital currencies available for trade, providing 940 trading pairs, greater than any single exchange on the market.
On 11 June 2015, ShapeShift “cut off service to New York in response to the state’s new regulatory policy for digital currency businesses, … BitLicense,” which was released in June with the final regulations approved in August. The company stated that if they had complied with the New York BitLicense regulations, then significant personal and private data would also have been in the hands of the hacker.
Between March and April of 2016, Shapeshift experienced a total of 3 attacks which resulted in 469 BTC, 1900 LTC and 5800 ETH stolen from their hot wallets. As a result, the Shapeshift team put Shapeshift.io offline through April 20 to rebuild Shapeshift’s infrastructure with enhanced security protocols.
In March of 2017, ShapeShift raised $10.4 million in series A funding from both US and international venture capital firms. Berlin-based Earlybird Venture Capital was the lead investor, with additional funding from Lakestar, Access Venture Partners, Pantera Capital and Blockchain Capital.
In August 2017 ShapeShift announced it would stop functioning in the state of Washington because of BitLicense-style regulations imposed by the passage of Senate Bill 5031.
A 2018 investigation by the Wall Street Journal found that ShapeShift had processed $9 million in funds from criminal activities over a two-year period.
Upbit
Upbit launched in South Korea on October 24, 2017 with the help of their partnership with American cryptocurrency exchange Bittrex.
Sirgoo Lee was named CEO of Dunamu, Upbit’s parent company, on December 21, 2017, with Dunamu founder and CEO Chi-hyung Song assuming the role of Chairman. Lee previously served as Co-CEO of Kakao Corp. and JOINS, Inc.
Approximately two months after its launch, Upbit became the top global cryptocurrency exchange in terms of 24-hour trading volume.
On May 10, 2018 its main office was raided as part of a fraud probe.
The exchange began expanding into Southeast Asia in late 2018, first by launching in Singapore on October 30, and then beginning services in Indonesia starting January 2019, and Thailand starting January 2021.
On December 21, 2018 three Upbit officials were indicted for allegedly making fake orders. The exchange has denied the allegations.
In December 2018, Upbit became the first cryptocurrency exchange in the world to receive certifications from the Korea Internet and Security Agency for Information Security Management System (ISMS) and the International Organization for Standardization (ISO) for information security (ISO 27001), cloud security (ISO 27017) and cloud privacy (ISO 27018).
On November 27, 2019 Upbit lost about $48.5 million USD worth of Ethereum from a hack.
In September 2021, South Korea started to regulate virtual asset service providers
Xapo
Xapo is a Gibraltar-based company that provides a bitcoin wallet combined with a cold storage vault and a bitcoin-based debit card.
Xapo CEO and entrepreneur Wences Casares became interested in bitcoins because of the frequent financial fluctuations in his native Argentina. He has said that his family’s finances were “devastated as the economy (in Argentina) rocketed from inflation to deflation to devaluation.” Casares believes that digital currencies such as bitcoin “could solve the disjointed nature of our world economy.”
In 2011, Casares bought his first bitcoins but couldn’t find a way to store them, so he built a ‘vault’ for his own use. Friends, and later financial institutions, soon asked Casares if they could store their bitcoins in his vault. This became the foundation for Xapo, which was founded in late 2013 by Casares and COO Federico Murrone. Xapo opened its products to the public in March 2014.
Casares said Xapo was founded with the aim of making the bitcoin currency more secure and accessible. The Xapo Wallet operates through a mobile app and online and includes the ability to transfer funds to and from the Xapo Vault. In April 2014, Xapo introduced a debit card that will link to the user’s Xapo Wallet and will function like a standard debit card, except that it is backed by bitcoins instead of traditional currency.
Prior to Xapo, Casares founded and later sold online brokerage firm Patagon to Banco Santander for $750 million. He also launched the first Internet provider in his home country of Argentina in 1994.
In May 2015 Xapo moved its headquarters from Palo Alto, California to Zug, located in the Zurich metropolitan area of Switzerland. That year LifeLock, which acquired Lemon, a company led by eventual Xapo founder Casares, alleged in a suit that Casares developed the source code for Xapo using Lemon’s resources. In July 2017, Xapo was granted a European e-money license in Gibraltar allowing it to provide electronic fiat money custodial and transfer services.
In July 2018 Xapo Inc. was awarded a BitLicense by the New York State Department of Financial Services and with it formal approval to operate in the state of New York as a regulated Bitcoin business. Xapo’s BitLicense was the sixth to be awarded.
