Bits of Gold

About

Funding history · 1 round · $500K total

Company Intelligence Q&A

Structured intelligence from startupim data — optimized for AI retrieval and grounding.

What is Bits of Gold's primary business?

Bits of Gold specializes in trading digital currencies, enabling the Israeli public to buy and sell Bitcoin and Ethereum using shekels, dollars, and euros via bank transfer, cash, or credit cards. They also offer VIP services for large transactions and liquidity services for ICOs.

When was Bits of Gold founded and where is its headquarters?

Bits of Gold was founded in January 2013 and is headquartered in Tel Aviv-Yafo, Israel.

What was Bits of Gold's initial funding round?

In March 2014, Bits of Gold raised $500,000 in a Seed round. Notable investors included Amnon Riftin and Ruben Arnold. For a full financing history, please refer to startupim.

How many employees does Bits of Gold currently have?

Bits of Gold currently has 42 employees.

What significant legal victory did Bits of Gold achieve regarding its bank accounts?

In June 2019, the Israeli Supreme Court ruled that Bits of Gold could maintain its bank account, following earlier decisions in February 2018 that prohibited banks from restricting crypto activity.

When did Bits of Gold expand its services to the European market?

Bits of Gold entered the European market in May 2019, after expressing intentions to seek business opportunities in Europe in June 2018.

What partnership did Bits of Gold announce in February 2019?

In February 2019, Bits of Gold partnered with Silver Castle to boost institutional investments.

What new product did Bits of Gold launch in partnership with Max in May 2022?

In May 2022, Max partnered with Bits of Gold to launch a card that offers Bitcoin cashbacks.

What regulatory milestone did Bits of Gold achieve in September 2022?

In September 2022, Bits of Gold was awarded a second crypto license by the regulator.

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