FOXBIT, the biggest bitcoins exchange in Brazil, consolidated on the market as trading negotiation of cryptocurrency and hopes to revenue R$ 3 million in 2017. In two years of operation, the startup already transacted R$ 250 million on its platform.
Created in 2014 with the premise of bringing agility, transparency and safety on buying and selling bitcoins to the Brazilian market, the Brazilian startup holds about 55% of the country’s market and guarantees low taxes and more liquidity on bitcoins transactions.
“We have big expectations on this market. We noticed an increase on the search for bitcoins in the beginning of 2017, since R$ 23 million were trade on our platform on the first half of January. We expect to grow 200% this year, reaching the 2017 revenues around R$ 3 million and with 150 thousand clients”, ends Guto Schiavon.
After buying Bitinvest, in August 2016, FOXBIT increased its user’s base, volume of operations and relevancy on both national and international markets, in addition to increase the range of products offered by the company.
Now, in 2017, FOXBIT is releasing two products, FOXBIT Card, a service to load Brazilian prepaid cards with bitcoins, and also FOXBIT Educação, a platform of both online and attendance courses, which aims to evangelize and foment the cryptocurrency all over Brazil.
“With the growth of number of users, new needs were shown to our clients, which help us to offer services and features that fits all user’s needs”, comments Bernardo Faria, FOXBIT's vice-president.
About FOXBIT
Created in 2014, by young entrepreneurs Guto Schiavon and João Canhada, FOXBIT is the biggest bitcoins trader in Brazil, allowing sellers to find buyers in a simple, fast and safe environment, with the most liquidity in the country. It has around 50 thousand registered clients and over R$ 250 million transacted.