Introduction to Foxbit
Foxbit is a leading Brazilian cryptocurrency exchange platform headquartered in Osasco. Founded in 2014 by Luis Augusto Ramos Schiavon and Joao Canhada, the company specializes as an online trading hub for Bitcoin, DeFi tokens, NFTs, and metaverse assets. With $20M in Series A funding led by OKX, Foxbit ranks among the top 20 competitors in its sector, competing with giants like Gemini and FTX.
Company Overview
Core Services
- Cryptocurrency Exchange: Enables trading of Bitcoin, altcoins, and digital assets.
- B2B & B2B2C Markets: Serves both businesses and individual traders.
- Product Offerings: Includes DeFi tokens, NFT marketplaces, and play-to-earn gaming integrations.
👉 Explore Foxbit’s trading platform
Key Metrics
| Metric | Detail |
|---|---|
| Founded | 2014 |
| Headquarters | Osasco, Brazil |
| Total Funding | $20M (Series A, Feb 2022) |
| Top Investor | OKX |
| Active Competitors | 1,687 (including Gemini, FTX) |
Funding & Growth
Investment Highlights
- Latest Round: $20M Series A (2022) with OKX as the sole investor.
- Post-Money Valuation: $9.7M at a 4.18x revenue multiple.
👉 Learn about cryptocurrency investment trends
Competitive Landscape
Foxbit competes in a crowded market with notable players like:
- Gemini ($424M funding)
- FTX ($1.73B funding)
- Blockchain.com ($700M funding)
Market Position & Achievements
- Global Reach: Operates in Brazil’s growing crypto economy.
- Acquisitions: Acquired Bitinvest to expand services.
- Media Coverage: Featured in 2 major events (2022–2023), including partnership announcements.
Frequently Asked Questions (FAQ)
1. How does Foxbit differ from competitors like Binance?
Foxbit focuses on Brazilian market compliance and localized services, whereas Binance offers a global platform.
2. What cryptocurrencies can I trade on Foxbit?
Foxbit supports Bitcoin, Ethereum, DeFi tokens, and NFTs, with plans to add more altcoins.
3. Is Foxbit regulated in Brazil?
Yes, Foxbit adheres to Brazilian financial regulations for cryptocurrency exchanges.
4. How secure is Foxbit’s platform?
Foxbit employs multi-signature wallets and two-factor authentication (2FA) for user security.
5. Can businesses integrate Foxbit’s API?
Yes, Foxbit offers B2B API solutions for enterprises needing crypto liquidity.
Conclusion
Foxbit stands out as a key player in Latin America’s crypto space, combining regulatory compliance with innovative trading solutions. With strong backing from OKX and a clear growth trajectory, it’s poised to expand its market share.
For more insights, visit 👉 Foxbit’s official partner.
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