Exchange record
LiteBit
Rotterdam-based European crypto broker / exchange platform founded in 2013. LiteBit announced in May 2023 that it would cease operations because of market developments, increased competition, and regulatory pressure; Bitvavo subsequently received ACM approval to acquire LiteBit's customer base and migrate user assets and accounts.
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Summary
Rotterdam-based European crypto broker / exchange platform founded in 2013. LiteBit announced in May 2023 that it would cease operations because of market developments, increased competition, and regulatory pressure; Bitvavo subsequently received ACM approval to acquire LiteBit's customer base and migrate user assets and accounts.
Timeline
LiteBit was founded in 2013 in Rotterdam as a European cryptocurrency broker / exchange platform.
LiteBit announced that it intended to end its activities due to market developments, increasing competition, and regulatory pressure, while offering customers a switch to Bitvavo.
The Dutch Authority for Consumers and Markets approved Bitvavo's acquisition of the LiteBit customer base.
LiteBit's help center told users that assets and account information would be transferred to Bitvavo after 2023-08-14 and that logging in to LiteBit would no longer be available after that date.