ItBit By Paxos is an institutional crypto exchange and OTC trading venue that was among the first virtual currency companies to receive a charter from the New York Department of Financial Services. ItBit By Paxos's Twitter Score is 42 out of 1000 as of August 2026, ranking #22,096 (top 5%) among 483,944 tracked accounts.
ItBit By Paxos was founded by Paxos Trust Company, LLC, operating originally as itBit Trust Company, LLC. The platform was built to serve institutions and trading professionals through a global exchange and an OTC trading desk. In 2023, Paxos announced it would deprecate inactive and low-balance itBit retail services, with the wind-down expected to complete by late that year, narrowing the platform's focus. Exchange trading pairs continued to be listed into 2025, though certain assets, including MATIC, were removed from trading as of October 2024.
ItBit By Paxos has been subject to regulatory action: in a 2025 consent order, Paxos, formerly operating as itBit Trust Company LLC, settled with the NYDFS and agreed to pay a civil monetary penalty of $26,500,000. The matter was resolved via consent order. ItBit By Paxos has accumulated 7,592 followers as of August 2026 and has published 2,282 posts. The account has been mentioned by 176 accounts, with 389 total mentions.
Who follows ItBit By Paxos on X?
The accounts that follow ItBit By Paxos include 130 founders, 31 angel investors, 36 influencers and 14 VCs, among them Erik Voorhees, Laura Shin, Joseph Lubin, Tyler Winklevoss, Cointelegraph and Tay.