About Bitfract
Bitfract is a Financial Services company based in Austin (United States) founded in 2017, and was acquired by ShapeShift in August 2018. It operates as a digital asset exchange service. Its chief executive is Willy Ogorzaly. The company was acqui-hired. Its focus areas include FinTech, Cryptocurrencies, Investment Industry and Crypto Exchanges. Its competitors include Gemini, FTX, Blockchain, Bitstamp and PDAX and 5 more; 9 of its 10 listed competitors have raised funding.
Company details
Bitfract was founded in 2017 and is based in Austin, United States. Operations focus on the cryptocurrency sector, where multiple cryptocurrencies and e-currencies are traded through its exchange. Portfolio management and tracking services are provided, alongside wallet integration options. Exchange APIs are made available for third-party developers to incorporate these functions.
- Headquarters Austin, United States
- Stage Acquired
- SectorsFinancial Services
- Website bitfract.com
- Social LinkedIn X Facebook
- Acquired by ShapeShift (Aug 2018)
- Investors
- Acquired byShapeShift
(Aug 2018)
Investors in Bitfract
Bitfract has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ShapeShift.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cryptocurrency trading and management platform is operated online. | 2015 | shapeshift.com | London, United Kingdom |
Investor details for Bitfract
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People of Bitfract
1 people are tracked at Bitfract (1 in leadership).
| Name | Role | Group |
|---|---|---|
Willy Ogorzaly | CEO | Leadership |
Complete people profiles for Bitfract
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Timeline of Bitfract
2 dated milestones of Bitfract across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Bitfract is founded.
- Exit Acquired by ShapeShift.
Competitors of Bitfract
Bitfract has 10 listed competitors in our database, 9 of them funded. They include Gemini, FTX, Blockchain, Bitstamp and PDAX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gemini.com | 2014 | New York, United States | $423.9M | 551 | Platform offering crypto exchange solutions | |
| ftx.com | 2019 | Nassau, Bahamas | $1.73B | 41 | Cryptocurrency trading is facilitated through an online platform. | |
| blockchain.com | 2011 | London, United Kingdom | $700M | – | App-based platform for exchange and trading solutions for cryptocurrency | |
| bitstamp.net | 2011 | London, United Kingdom | $11.37M | – | Cryptocurrencies are bought, sold, and exchanged via a mobile app. | |
| pdax.ph | 2017 | Makati, Philippines | $62.5M | – | Online exchange platform for cryptocurrencies | |
| bit2me.com | 2015 | Valencia, Spain | $83.22M | – | Online platform for crypto exchange | |
| liquid.com | 2014 | Japan | $20M | – | Digital assets are exchanged through an online platform. | |
| bithumb.com | 2013 | Seoul, South Korea | $200M | – | Cryptocurrency exchange services are operated in South Korea by Bithumb. | |
| bitmart.com | 2017 | New York, United States | – | – | Cryptocurrency trading is supported via a mobile application platform. | |
| dunamu.com | 2012 | Seoul, South Korea | $138.18M | – | Cryptocurrency is exchanged, bought, and sold via an online platform. |
Detailed competitors of Bitfract
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Top companies in Cryptocurrencies
10 companies that operate in the same segment as Bitfract (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | 1,533 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | 1,212 | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, Ile de France, France | USD 575.4 M | – | 802 | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 7,025 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico City, Mexico | USD 331.35 M | – | 884 | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 217 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Related news about Bitfract
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Frequently Asked Questions about Bitfract
Bitfract was founded in 2017.
Bitfract is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Willy Ogorzaly is the current CEO of Bitfract.
Bitfract was founded in 2017 and is based in Austin, United States. Operations focus on the cryptocurrency sector, where multiple cryptocurrencies and e-currencies are traded through its exchange. Portfolio management and tracking services are provided, alongside wallet integration options. Exchange APIs are made available for third-party developers to incorporate these functions.
Bitfract's top competitors include Blockchain, Gemini and FTX.
Bitfract has 1 investor. Key investors include ShapeShift.
Yes. Bitfract was acquired by ShapeShift in August 2018.