Buttercoin is a defunct U.S. Bitcoin marketplace and exchange, co-founded by Cedric Dahl and Bennett Hoffman as a domestic trading platform focused initially on international remittances. Buttercoin's Twitter Score is 9.0 out of 1000 as of August 2026, ranking #101,022 among 483,652 tracked accounts.
Buttercoin was co-founded in 2013 and built around an open-source, high-volume digital trading engine that arranged trades through an order book. The platform officially launched its U.S. Bitcoin marketplace on November 5, 2014, positioning itself as a domestic alternative to international exchanges. At launch, BitPay and MegaBigPower were identified as clients, and Wedbush Securities announced an undisclosed investment while also using the platform's technology.
Buttercoin received backing from a notable group of investors and funds, including Y Combinator, Google Ventures, Floodgate, Initialized Capital, Centralway Ventures, Rothenberg Ventures, Wedbush Securities, and angel investor Alexis Ohanian. Despite this early support, the company was unable to raise additional funding and announced it would shut down its service on April 10, 2015. Cedric Dahl later cited the failure to secure a larger funding round before launching as a key tactical mistake. Notably, at the time of closure, Buttercoin stated it was solvent and committed to returning all customer balances in full, distinguishing its shutdown from exchange failures involving hacks or missing funds.
Buttercoin has accumulated 1,343 followers as of August 2026 and has made 286 posts on the platform. The account has been mentioned by 76 accounts, with 134 total mentions.
Who follows Buttercoin on X?
The accounts that follow Buttercoin include 29 founders, 7 angel investors, 7 influencers and 1 VCs. Among them are Marc Andreessen, Alexis Ohanian, Cameron Winklevoss, Konstantin Lomashuk Cyberacc, Micky and Santi.