key people joseph lee founder and ceo george samman co founder vincent hoong co founder products margin trading derivative trading website btc.sx launched may 2013 btc.sx is a multinational company that engages in bitcoin trading and brokerage . the company offers a trading platform in digital currency derivatives such as margin trading to retail traders . it was founded in 2013 and is headquartered in london s silicon roundabout . zdnet reports btc.sx to be one of the first bitcoin companies that voided the necessity of all other currencies other than bitcoin . 1 the company was launched from sydney australia and is run by ceo joseph lee who co founded the company alongside george samman and vincent hoong . 2 shortly after its launch lee moved operations to london favouring a dual incorporation model between singapore and united kingdom . 3 the company also has operations in new york . contents 1 service disruptions 2 reception 3 capital investments 4 regulation 5 references 6 external links service disruptions edit in february 2014 mt. gox was struck by a theft it was the world s largest bitcoin exchange and at its peak handled 70 % of all bitcoin trades . 4 the loss of 750 000 bitcoins at the time worth over 350m triggered immediate insolvency and caused its subsequent collapse . 5 following a trading suspension issued by btc.sx it was revealed that btc.sx had partnered with mt. gox to offer its brokered trading service and suffered from undisclosed losses as a result of the collapse . 6 reception edit following the mt. gox collapse btc.sx announced a new exchange partnership with bitstamp now placing its orders out to market . 7 the trading platform announced in march 2014 the brokerage of over 40m in brokered transactions . 8 capital investments edit in april 2014 btc.sx received 500 bitcoins from the seed accelerator seedcoin in its first fund raising round . 9 the company has received a total of us 0.45 million investment as a result of initial capital injections and its equity fundraising activities . 10 regulation edit btc.sx operates in a climate of regulatory uncertainty with no specific laws enforced to provide protection to its clients globally . the new york state department of financial services who is overseen by superintendent benjamin lawsky hopes to be the first regulatory body to provide a full framework for virtual currency businesses . 11 the dfs guidelines are perceived by many bitcoin companies to be overbearing with fierce opposition coming from jeremy allaire ceo of bitcoin startup circle . 12 with operations in new york the bitlicense regulations will directly affect btc.sx and similar bitcoin businesses . references edit lee michael 2013 08 22 . startup opens bitcoin only margin trading platform . zdnet . about the btc.sx team . btc.sx . retrieved 2014 08 21 . hutchinson james 2014 01 08 . tech start ups leave oz over tax . australian financial review . vigna paul 2014 02 25 . 5 things about mt. gox s crisis . the wall street journal . hern alex 2014 02 25 . bitcoin exchange mtgox offline amid rumours of theft . the guardian . rizzo pete 2014 02 25 . bitcoin derivatives market btc.sx suspends trading amid turmoil at partner mt. gox . coindesk . normal trading resumed . btc.sx . retrieved 2014 08 21 . bradbury danny 2014 05 12 . bitcoin derivatives platform btc.sx resumes trading after mt gox induced freeze . coindesk . bradbury danny 2014 04 01 . trading site btc.sx receives 500 bitcoins in seedcoin funding round . coindesk . lee michael 2013 08 22 . startup opens bitcoin only margin trading platform . zdnet . ny dfs releases proposed bitlicense regulatory framework for virtual currency firms . new york state department of financial services . retrieved 2014 08 20 . higgins stan 2013 08 13 . circle bitlicense would force us to block new york customers . coindesk . external links edit wikimedia commons has media related to bitcoin . look up btc.sx in wiktionary the free dictionary . official website btc.sx at dmoz v t e bitcoin history legal status people gavin andresen hal finney satoshi nakamoto nick szabo amir taaki winklevoss twins adam back wences casares groups list of bitcoin companies list of bitcoin organizations technologies bitcoin network blockchain colored coins cryptocurrency cryptocurrency tumbler ecdsa p2p pow sha 2 exchanges anx bitstamp btc e btc china coinsecure india coinbase coinfloor huobi itbit kraken localbitcoins okcoin defunct buttercoin mt. gox bitinstant book category retrieved from https en.wikipedia.org w index.php title btc.sx & oldid 676046696 categories cryptocurrencieshidden categories commons category without a link on wikidataarticles with dmoz links navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout 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