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Foxbit Group

www.foxbit.com.br link_icon

Foxbit: Research Report



Company Overview


Name: Foxbit Serviços Digitais Ltda.


Mission: No information is available


Founded: 2014


Founders: João Canhada, Guto Schiavon, Felipe Trovão


Key People:


  • João Canhada (Founder and President)

  • Ricardo Dantas (Co-CEO)


Headquarters: Av. dos Autonomistas, 2561 – Vila Yara, Osasco – SP, 06090-020, Brasil


Number of Employees: No information is available


Revenue: No information is available


Known For:


Foxbit is known as one of the leading cryptocurrency exchanges in Brazil, pioneering in the market and offering a comprehensive ecosystem for cryptocurrency operations.

Products


1. Foxbit Exchange


Description:


A platform where users can trade over 100 cryptocurrencies, including Bitcoin, Ethereum, and various DeFi, NFT, gaming, and metaverse tokens.

Key Features:


  • Access via desktop or mobile app

  • High liquidity and security

  • Instant deposits and withdrawals via PIX or credit card

  • Diverse token offerings


2. Foxbit Invest


Description:


An OTC trading desk dedicated to large volume transactions of digital assets with personalized service.

Key Features:


  • Customized support for high volume transactions

  • 24/7 operation

  • Zero trade fees

  • Secure and robust platform


3. Foxbit Tokens


Description:


Tokenization service for assets, allowing for investment and benefit selling.

Key Features:


  • Utility and financial tokens

  • Tokenization of tickets, loyalty programs, collectibles, and more


4. Foxbit Pay


Description:


A payment gateway enabling businesses to accept cryptocurrency payments and receive in reais.

Key Features:


  • Payments via QR code

  • Accessibility and easy management

  • Cost-effective compared to card operators

  • Multiple cryptocurrency support


5. Compra Fácil (Crypto-as-a-Service)


Description:


A service that allows other businesses to offer cryptocurrency trading under their brand.

Key Features:


  • API integration for seamless operations

  • Extensive cryptocurrency offerings

  • Secure custodian services


Recent Developments


New Products Launched:


  • Foxbit Pro:

  • Launched a new platform for high-performance traders offering 330 cryptocurrencies and tokens.

  • Foxbit Earn:

  • Introduced a staking service for 15 PoS-based cryptocurrencies to compete with major international exchanges.

  • Foxbit Pay:

  • Enabled the capability for clients to purchase cryptocurrencies using credit cards.


Partnerships:


  • Dotz Partnership:

  • Allowing users to convert loyalty points (dotz) into Bitcoin.

  • Paris 6 Partnership:

  • Foxbit Pay integrated with the bistro Paris 6, enabling Bitcoin payments.


Major Initiatives:


  • Fundraising:

  • Negotiations initiated with banks for funding to expand operations and diversify investment offerings.

  • Humanitarian Campaign:

  • Launched the "Ajude o Rio Grande do Sul" campaign to match donations in Bitcoin, Ethereum, and Tether for flood victims.

  • Investment from OK Ventures:

  • OK Ventures became a shareholder, assisting in international expansion.


Market Impact:


  • Saw significant user and transaction volume increases, reporting over 1.3 million users and 37 billion reais transacted.

  • Played a vital role in humanitarian efforts by doubling cryptocurrency donations up to 150,000 reais.


Technological Advances:


  • Implemented advanced security protocols with Fireblocks and BitGo for custodian services.

  • Continuous API updates ensuring optimal integration and service provision.


Conclusion


Foxbit remains a pivotal player in the Brazilian cryptocurrency market, offering diverse and advanced services while actively engaging in market expansion efforts. The company continuously evolves to meet market demands, solidifying its place as a major cryptocurrency exchange and service provider in Brazil and beyond.


Note: This report includes only the information provided and may not reflect the company's complete profile.