We are crypto users to start with. That mindset has been at the heart of just about every item we have launched considering the fact that we began creating in 2011 for the crypto local community.
We constructed the to start with block explorer to visualize data and the first API to make it quick to make applications in the crypto space. We brought noncustodial wallets to the masses with the Blockchain Wallet – exactly where you usually have your individual private vital and definitely individual your crypto. We launched Swap: an in-Wallet retail brokerage, and introduced the greatest airdrop however to get much more men and women into crypto.
But we stay frustrated with a significant component of the market: exchanges. I have personally been employing exchanges given that 2011 and have not observed significantly advancement. They are unreliable, illiquid, and usually unfair. They inspire people to preserve their crypto deposited, fairly than safely secured in their individual private keys.
On top of all this they are extremely advanced: having the whole function set often needs accounts at various venues – 1 with lots of asset range, one particular with respectable fiat guidance, and potentially one with leverage.
As a company we have viewed thousands and thousands of our customers transfer their crypto from Blockchain wallets to exterior exchanges only to endure nightmarish ordeals – support tickets dismissed, funds that can’t be withdrawn, trades missed at vital moments, and accounts hacked.
So a calendar year and a half back we made a decision: adequate.
We set out to make a thing much better, a product that would not only distinct up these common complications, but just one that we would be energized to use. An trade that would redefine velocity, trustworthiness, and liquidity for every and every single crypto believer close to the planet. Quickly. Easy. Trustworthy.
We assembled a stealth workforce and laid out our ambitions. Then we acquired to operate. Now, approximately 100 gifted people today are working to start The PIT, hailing from prime companies like NYSE, TD Ameritrade, Google, Goldman Sachs, UBS, Interactive Brokers, and Revolut.
We have now produced the world’s fastest crypto exchange, clocking in at 40 microseconds for each trade, capable of executing hundreds of thousands of orders for every second. Connect your Blockchain Wallet right and The PIT enables prompt investing entry and speedy transfer back to your secure storage.
This 7 days, we’re launching model one, but the very best is however to come – over the upcoming months and months we’ll continue to ship the exchange we’ve dreamed of making use of.
As usually, we continue being committed to creating the functionality you want, without compromising your management of your key. Get in, Money out. Your crypto is yours, and it really should keep that way.
See you in The PIT. ✌