itBit is a global exchange offering institutional and retail investors a powerful platform to buy, sell and store Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Stellar Lumens. Today, we stand alone as the only company in the space that offers crypto assets traders access to both a global Bitcoin exchange and a crypto assets OTC trading desk in addition to boasting unmatched crypto asset custodian services. Co-founded in 2012 by our CEO Charles Cascarilla, itBit continues to be a leader in the growing digital assets industry. With offices in two key financial markets, New York and Singapore, itBit is strategically positioned to serve our global customers around the clock.
We adopted a uniquely rigorous approach to regulatory compliance by establishing the itBit Trust Company, overseen by the New York State Department of Financial Services. With the trust, itBit is the first regulated crypto assets exchange based in New York State able to accept customers from across the United States. As a pioneer in crypto assets technology and regulatory compliance, itBit is committed to providing crypto assets traders with a trusted institutional-grade exchange that upholds the highest standards of excellence and sophistication. As of June 14, 2018, itBit began offering expanded trading and custody services for Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar Lumens (XLM) after gaining approval from the New York State Department of Financial Services (NYDFS). itBit immediately offered custody, escrow and OTC trading services for these new assets. itBit continues to build next-gen crypto assets products and services by combining Silicon Valley innovation with Wall Street expertise.
We are venture-backed with investors including RRE Ventures, Canaan Partners, Liberty City Ventures, Jay W. Jordan II and Raptor Capital Management chairman James Pallotta. On February 16, 2016, we announced our new London office and the appointment of Jason Nabi as the head of Europe, the Middle East and Africa (EMEA).