BitX has a pretty small marketcap according to CoinMarketCap.com, with trading often below a half million dollars. Still, BitX enjoys a generally high industry reputation, and has generally received favorable reviews. Unlike many other exchanges, BitX focuses only on bitcoin, so there’s not a ton of flexibility with this platform. Still, the BitX exchange and wallet are both great options for bitcoin.
BitX claims to be the world’s “most trusted, secure and reliable exchange”. Whether the company can back such lofty claims up, however, remains an entirely different matter. BitX has been around since 2013, so the company has some history behind it, but so far BitX has failed to secure any serious market dominance.
That shouldn’t scare you away from the exchange, however. The exchange has also receive funding from the Digital Currency Group, run by industry thought-leader Barry Silbert. BitX is also funded by Naspers, which is one of the older still active venture capital and technology investment firms. Naspers sunk $4 million into BitX, which is a pretty large sum for a