Paxos has discontinued all Silvergate Exchange Network (SEN) and wire transfers to our Silvergate Bank account.

Please do not initiate wire or SEN transfers to our Silvergate Bank account. Visit our support page for more information.

itBit Trading Platform

Crypto asset trading built for institutional investors

itBit Trading Platform

Crypto asset trading built for institutional investors

Why Trade on itBit Trading Platform?

Advanced Supervision

itBit Trading Platform is a safe, secure and fair trading venue with oversight from the New York Department of Financial Services ("DFS"), best in class blockchain monitoring software and systems designed to prevent market manipulation.

Deep Liquidity

Access itBit’s global network of clients across more than 100 countries for some of the deepest fiat-to-crypto liquidity pools for USD:AAVE, USD:BCH, USD:BTC, USD:BUSD, USD:ETH, USD:LINK, USD:LTC, USD:MATIC, USD:PAXG, USD:UNI and USD:USDP.

Institutional Grade

Multiple layers of platform security ensure that our exchange and your assets are always safe.

Maker Rebates & Low Fees

Maker rebates available to certain liquidity providers. Flat rate fees per transaction. No crypto withdrawal fees.

Trading APIs

Powerful automated trading solutions for institutions and algorithmic traders


FIX 4.2 API protocol for institutional high frequency trading.



REST API for high frequency algorithmic trading.


Market Data

REST API or streaming WebSockets which provides access to itBit’s level two orderbook market and trade data.

Highest Standards

itBit exchange by Paxos is proud to have received SOC 2 Type 2  certifications, demonstrating that itBit is a best in class crypto trading platform with the controls to effectively support enterprise customers.

In the Press

“A New York City-based bitcoin exchange itBit has become the first to receive a charter under New York banking laws.”

“The trust company charter gives itBit a banklike status and appears to make it the winner in a race among Bitcoin exchanges to become the first to be fully regulated in the United States.”

OTC Trading

For crypto trades over $100K USD, our agency-only desk offers a deep order book, support and competitive pricing for AAVE, BCH, BTC, BUSD, ETH, LINK, LTC, MATIC, PAXG, UNI and USDP.


Review frequently asked questions about itBit

Paxos is the name of the company and itBit is the brand name of the platform. You can access itBit by logging into the Paxos platform at

If you create or already have a Paxos account (or if you have previously created an itBit account), you can login to the itBit platform at Additionally, you can use FIX or REST APIs to trade.

Sign up for a Paxos account and submit the required documentation. Verification is typically immediate for individuals, and can take 3-7 business days for institutions.

The itBit by Paxos platform offers a simple fee structure with low rates and the opportunity for retail and institutional customers to trade commission-free. Read more about our trading fee structure.

Contact Us

To request API access or to contact the OTC desk, please complete the form and a member of our team will contact you shortly.​

If you are an existing customer and need support, please or visit the Paxos Support Center.