What Foxbit does

Foxbit (legal entity: Foxbit Serviços Digitais Ltda.) is a Brazilian cryptocurrency exchange and 360° crypto ecosystem founded in 2015 and headquartered in Osasco (São Paulo metropolitan area). The company operates a platform-plus-modules architecture: its core Foxbit Exchange lists 100+ cryptoassets (cryptocurrencies, DeFi tokens, NFTs, gaming tokens, stablecoins) and charges a flat 0.1% maker/0.1% taker fee; around it, Foxbit bundles consumer products (Foxbit Earn for yield, Foxbit Card with up to 1% cashback at 100M+ merchants, Foxbit VIP with regressive fees, Foxbit Crypto Assets for tokenized real-world assets including judicial bonds) and B2B modules (Foxbit Pay for crypto payment acceptance, Foxbit Tokens for asset tokenization, Compra Fácil as a white-label crypto-as-a-service for partners, Foxbit Gateway for cross-border BRL payment infrastructure, and Foxbit Prime Desk for international liquidity access). Underlying infrastructure includes REST API v3, WebSocket API v3, and a dedicated Foxbit Invest OTC API with HMAC-SHA256/Ed25519 authentication, SDKs in seven languages, and integrations with BitGo and Bitstamp for institutional custody and Chainalysis for AML/KYC compliance.

Foxbit serves three primary segments: retail individual investors in Brazil accessing spot trading via web and mobile apps; institutional and enterprise clients using the OTC desk (Foxbit Invest/Prime Desk) for large-volume trades; and merchants/fintechs adopting B2B rails (Foxbit Pay, Compra Fácil white-label). The go-to-market is hybrid: product-led growth on the retail side (self-serve apps, PIX/Boleto local payment integrations, Criptonário education platform) and direct sales for institutional OTC and B2B partnerships. Revenue is generated primarily through transaction fees on spot trading, spread/management fees on stablecoin Earn products, and emerging B2B fees across Pay, Compra Fácil, Gateway, and Prime Desk.

At the firmographic level, Foxbit employs 51–100 people, is privately held, and has raised $21.0M in Series A funding led by OK Group (owner of Okcoin) in February 2022, with no subsequent disclosed round. The company reports 1.5M+ Exchange users, cumulative Group transaction volume exceeding R$50B (~$50B+), and a 7.8/10 Reclame Aqui customer satisfaction rating. It maintains an ABFintechs Fintech Segura badge, participates in ABCripto self-regulation, and has documented a relationship with BACEN since 2015; ISO/IEC 27001 and 27701 certifications are being pursued. Operating geography is exclusively Brazil with no global footprint claim.

Name

Foxbit

Legal name

Foxbit Serviços Digitais Ltda.

Website

https://foxbit.com.br

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Foxbit is a Brazilian cryptocurrency exchange operating since 2015 with a 360° B2B/B2C ecosystem spanning spot trading (100+ assets), OTC desk, yield products, crypto card, payment gateway, tokenization, and white-label crypto-as-a-service for 1.5M+ users.

Ownership category

akta.pro rank

Product category

Cryptocurrency Exchange

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Securities and Commodity Exchanges (5232), Securities and Commodity Exchanges (52321)

SIC

Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

On/Off-Ramp Providers (Fiat↔Crypto) & Cash-In/Cash-Out Networks (FSADAIAE)

akta.pro secondary industries

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL), Cross-Border & FX Payments Platforms (BPAMAFAK), Crypto Card Issuing & Card Programs (Debit/Credit/Prepaid) (FSADAIAC), Crypto/Web3 Neobanks (FSABAFAG)

Keywords

• Cryptocurrency exchange
• Crypto payment gateway
• Asset tokenization platform
• Crypto-as-a-service
• Crypto OTC trading

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trading Transaction Fees: Foxbit charges 0.1% maker fee and 0.1% taker fee on all spot trades executed on the exchange platform, generating revenue proportional to trading volume.
2. Stablecoin Products (Earn): Revenue generated from stablecoin-based yield products where users earn returns on holdings, with the platform capturing spread or management fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Foxbit operates a Brazilian cryptocurrency exchange platform where retail users can trade more than 100 cryptoassets (cryptocurrencies, DeFi tokens, NFTs, gaming/metaverse tokens, stablecoins) via web and mobile apps at 0.1% maker/taker fees. The platform is complemented by an ecosystem of B2B modules (Foxbit Pay, Foxbit Tokens, Compra Fácil, Foxbit Gateway, Foxbit Prime Desk) and consumer add-ons (Foxbit Earn, Foxbit Card, Foxbit Crypto Assets, Foxbit VIP, Foxbit Invest), all accessible through proprietary REST and WebSocket APIs.

Product overview

Foxbit is a Brazilian cryptocurrency exchange and fintech ecosystem offering a platform-plus-modules architecture. The core product is the Foxbit Exchange platform for trading over 100 cryptoassets including cryptocurrencies, DeFi tokens, NFTs, and tokenized real assets. The ecosystem extends through B2B modules including Foxbit Pay (payment gateway), Foxbit Tokens (asset tokenization), Compra Fácil (crypto-as-a-service for building white-label exchanges), Foxbit Gateway (BRL international payment intermediation), and Foxbit Prime Desk (global liquidity access). Consumer-facing add-ons include Foxbit Earn (yield on crypto holdings), Foxbit Card (crypto debit card with cashback), Foxbit Crypto Assets (tokenized real asset trading), and Foxbit VIP (premium tier with regressive fees). The platform also provides developer APIs (REST v3, WebSocket v3, and Foxbit Invest API) for trading automation and platform integration.

Differentiator

Problem solved

Functional benefit

Brands

• Foxbit Pay: B2B solution enabling individuals and businesses to accept cryptocurrency payments and receive funds instantly and securely.
• Foxbit Tokens
• Foxbit Prime Desk
• Foxbit Earn
• Foxbit Card
• Foxbit VIP
• Foxbit Crypto Assets
• Foxbit Gateway
• Compra Fácil
• Foxbit Invest

Products and services

• Foxbit Exchange Brazilian cryptocurrency exchange platform for trading more than 100 cryptoassets including cryptocurrencies, DeFi tokens, NFTs, and gaming/metaverse tokens, accessible via desktop web, iOS, and Android apps at 0.1% maker/taker fees.
• Foxbit Pay B2B cryptocurrency payment gateway that enables individuals and businesses to accept crypto payments and receive funds instantly and securely in their preferred settlement method.
• Foxbit Tokens Real-world asset tokenization platform enabling tokenization of assets and their availability for trading on Foxbit's exchange with blockchain-secured provenance.
• Compra Fácil Crypto-as-a-service white-label solution enabling businesses to create and operate their own cryptocurrency exchange under their own brand with Foxbit's technology stack.
• Foxbit Gateway Financial infrastructure for intermediating and facilitating international BRL payments for products and services, enabling foreign businesses to operate in Brazil.
• Foxbit Prime Desk International FX liquidity access solution that lets businesses send Brazilian reais and withdraw dollars abroad, executing transactions automatically using stablecoins without requiring user knowledge of how they work.
• Foxbit Earn Cryptocurrency yield product that lets users earn daily returns on their crypto holdings rather than leaving assets idle.
• Foxbit Card Cryptocurrency debit card accepted at over 100 million merchants worldwide, offering up to 1% cashback on purchases.
• Foxbit Crypto Assets Platform for trading tokenized real assets including judicial bonds (precatório) and utility tokens, enabling fractional ownership of real-world assets.
• Foxbit VIP Premium membership tier offering exclusive customer service with regressive (tiered) fee rates for high-volume traders on the Foxbit Exchange.
• Foxbit Invest OTC trading platform with dedicated REST API for institutional and high-volume cryptocurrency trading with best price quotations and programmatic order execution.
• Foxbit REST API v3 Public REST API providing market data (currencies, markets, quotes, order book, candlesticks, tickers, trades, sparklines) and private endpoints for trading, account management, deposits, and withdrawals with HMAC-SHA256 or Ed25519 authentication.
• Foxbit WebSocket API v3 Real-time WebSocket API providing market data streams (ticker, orderbook, candlestick, trades) and private account event channels (balance updates, order updates, trade execution) with HMAC-SHA256 authentication.
• Foxbit Invest REST API OTC trading API enabling programmatic cryptocurrency buy/sell orders, real-time quotes via RFQ, transaction history, and account balance management for Foxbit Invest users.

Quantifiable outcome

• Processed over $50B in cumulative transaction volume
• +2 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• RipplecoreStrategic or Co-development PartnerStrategic partnership for RLUSD (Ripple USD) stablecoin distribution, enabling Foxbit users to access and trade Ripple's regulated dollar-denominated stablecoin on the platform. Both companies collaborate on digital asset services expansion in the Brazilian market.
• BitGocoreTechnology or IntegrationBitGo provides institutional-grade cryptocurrency custody services for Foxbit, securing customer assets with cold storage and multi-signature security infrastructure.
• ChainalysiscoreTechnology or IntegrationChainalysis provides blockchain analytics and compliance solutions for Foxbit's anti-money laundering (AML) and know-your-customer (KYC) requirements, enabling regulatory compliance and transaction monitoring.
• Mercado BitcoinminorChannel Partner/ Reseller/ DistributorMercado Bitcoin, one of Foxbit's main Brazilian competitors, lists RLUSD on its platform alongside Foxbit, creating a shared distribution channel for Ripple's stablecoin in Brazil.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Mercado Bitcoin: Brazil's largest cryptocurrency exchange and Foxbit's main domestic competitor. Also a distribution partner for RLUSD stablecoin, illustrating direct overlap in Brazilian retail and institutional crypto trading.
• Binance: Global crypto exchange with significant Brazilian operations and BRL pairs. Competes directly with Foxbit on spot trading liquidity, asset selection, and fees in the Brazilian retail market.
• OKX (formerly OKEx): Parent company OK Group led Foxbit's Series A. Direct competitor in global crypto exchange space, and the strategic relationship means significant product, listing, and technology overlap with Foxbit's exchange offering.
• Novadax: Brazilian crypto exchange with retail and institutional offerings, BRL pairs, and Brazilian payment integrations (PIX). Direct competitor in the same Brazilian regulatory and customer environment as Foxbit.
• Kraken: Global crypto exchange expanding institutional and retail presence in Latin America. Competes with Foxbit on staking, spot trading, and institutional custody offerings available to Brazilian clients.
• Crypto.com: Global crypto exchange with a strong crypto card product (comparable to Foxbit Card) and active LATAM expansion. Closely comparable card-plus-exchange business model and consumer focus.
• BitPreço: Brazilian crypto exchange with retail focus and BRL payment integrations (PIX). Direct domestic competitor targeting the same retail Brazilian crypto investor segment as Foxbit.

Broad incumbents

• Coinbase: Largest publicly listed crypto exchange in the US with global reach. Competes with Foxbit for institutional Brazilian clients and increasingly for retail via Coinbase Wallet and local fiat ramps.

Regional players

• Bitso: Latin America's leading crypto exchange (Mexico, Argentina, Brazil). Strong regional peer given similar LATAM focus, BRL/MXN/ARS fiat ramps, and emerging-market regulatory expertise comparable to Foxbit.
• Ripio: Argentina-based crypto exchange expanding across Latin America including Brazil. Comparable ecosystem play with retail trading, payments, and DeFi services targeting LATAM crypto users.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• GitHubgithub.com/foxbit-group
• Xx.com/foxbit
• Facebookfacebook.com/foxbitcoin

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

Funding overview

Funding rounds3 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Foxbit