CoolBitX
- Company typePrivate
- Founded2014
- HeadquartersTaipei, Taiwan
- Headcount51–100
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
CoolBitX firmographics
Firmographics- Name
- CoolBitX
- Legal name
- CoolBitX Technology Ltd.
- Website
- https://coolbitx.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Ownership category
- akta.pro rank
CoolBitX industry classification
Industry- Product category
- Cryptocurrency Hardware Wallets
- SIC
- Computer Peripheral Equipment, Nec (3577), Finance Services (6199)
- akta.pro primary industry
- Smart Contract Wallets & Account Abstraction (FSADACAF)
- akta.pro secondary industries
- Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB), Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
Keywords
Where CoolBitX is headquartered
LocationHeadquarters
- HQ city
- Taipei
- HQ country
- Taiwan
- HQ region
- Asia
Offices1 record
Markets served
CoolBitX business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Hardware Wallet Sales: Sale of CoolWallet S and related hardware products. The credit card-sized Bluetooth hardware wallet supports Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Horizen, and ERC20 tokens.
- Sygna Compliance Solutions: Regulatory compliance products for VASPs (Virtual Asset Service Providers) including KYC/AML solutions. Series B funding ($16.75M) will help expand Sygna beyond APAC region to provide FATF-compliant solutions globally.
- Enterprise/Wallet Licensing: Licensing of wallet technology to enterprise partners. The CoolXWallet (CXW) was provided to SBI Virtual Currencies users with pre-generated private keys linked to user's KYC'ed exchange accounts.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
CoolBitX product offering
Product offeringCore offering
CoolBitX manufactures and sells the CoolWallet S, a credit card-sized Bluetooth-enabled hardware wallet providing EAL5+ certified cold storage for cryptocurrency private keys, paired with iOS/Android mobile applications. The company additionally offers Sygna, a regulatory compliance software suite for Virtual Asset Service Providers (VASPs) that delivers FATF-compliant KYC/AML, travel rule, and transaction monitoring solutions. Enterprise licensing of wallet technology to cryptocurrency exchanges forms the third revenue pillar.
Product overview
CoolBitX offers a dual-product portfolio focused on blockchain security. The flagship product is CoolWallet S, a credit card-sized Bluetooth hardware wallet providing cold storage for digital assets. Complementing the hardware is Sygna, a suite of regulatory compliance products for VASPs that includes KYC/AML solutions. The company also developed the specialized CoolXWallet variant for enterprise partnerships and offers a companion mobile app for wallet management.
Differentiator
Problem solved
Functional benefit
Brands
- CoolWallet: Credit card-sized Bluetooth hardware wallet that supports various tokens including Bitcoin, Ethereum, Litecoin, XRP, ERC20 and many more. Available in multiple product versions including CoolWallet S and CoolWallet Pro.
- Sygna
- CoolXWallet (CXW)
Products and services
- CoolWallet S Credit card-sized Bluetooth-enabled hardware wallet for secure cold storage of cryptocurrency private keys with EAL5+ secure element and 2+1 factor authentication. Supports BTC, ETH, LTC, XRP, BCH, ZEN, BNB, and all ERC20 tokens. Pairs with iOS/Android app via AES256 Bluetooth encryption. Sold directly to consumers and via resellers.
- Sygna Compliance Suite Regulatory compliance product line for Virtual Asset Service Providers (VASPs) delivering FATF-compliant KYC/AML, travel rule, and transaction monitoring solutions. Helps VASPs meet traditional financial industry compliance standards and improve the virtual currency industry's reputation.
- CoolBitX Crypto Mobile App Mobile application (iOS/Android) paired with CoolWallet hardware via AES256 Bluetooth encryption for secure cryptocurrency management, transaction signing, and portfolio viewing. Includes AppLock 6-digit PIN with 10-second timeout.
- CoolWallet (First Generation) First generation wafer-thin, credit card-sized cold wallet supporting Bitcoin at initial launch and later expanded to additional coins based on community feedback. Legacy product, superseded by CoolWallet S.
Quantifiable outcome
- Over 150,000 CoolWallets sold worldwide by 2018
- +2 more outcomes
Companies that use CoolBitX
Customer profileNamed customers3 records
Segments4 records
Ideal customer profiles3 records
CoolBitX technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature6 records
CoolBitX partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered minor, core and flagship.
- Kraken Security LabsminorSecurity assessment partner that identified vulnerabilities in CoolWallet S Android app in January 2020. CoolBitX addressed all findings and optimized security accordingly. Represents industry-leading security collaboration.
- Binance ChaincoreCollaboration to launch special edition Binance Chain x CoolWallet S. Bluetooth-enabled wallet provides secure storage for BUSD, BNB, and integration with Binance DEX decentralized exchange. CZ (Changpeng Zhao), Binance CEO, endorsed the partnership.
- GeminicoreCoolWallet S supports Gemini dollar (GUSD) stablecoin - the first regulated stablecoin. GUSD users get secure storage and mobile app functionality via Bluetooth. CoolWallet S was first wallet to automatically load and make GUSD available to users.
- Asia Blockchain and Crypto Association (ABACA)coreStrategic technology partnership to offer CoolBitX technology as first accredited cold storage solution for ABACA's members in CEZA's Crypto Valley of Asia. CoolBitX to work with CEZA licensed FinTech companies and Offshore Virtual Currency Exchanges on DATO Rules compliance including STOs.
- Cagayan Economic Zone Authority (CEZA)corePartnership with CEZA to provide first accredited cold storage for security tokens under CEZA's Digital Asset and Token Offering (DATO) Rules.
- SBI Virtual CurrenciesflagshipPilot partnership to implement industry-first KYC/AML compliant solution. All SBI VC users provided with CoolXWallet (CXW) for private key storage with addresses linked to user's KYC'ed exchange account. Digital assets include BTC, BCH, XRP, and ETH.
Scale indicators7 records
Recent moves6 records
Expansion highlights4 records
CoolBitX competitors and assessment
Company assessmentDirect peers
- Shift Crypto (BitBox): Swiss hardware wallet maker focused on security and open-source firmware. Competes in the same consumer self-custody category with strong emphasis on secure element certification.
- Ledger: French-headquartered global leader in consumer hardware wallets (Nano S, Nano X, Stax). Direct competitor to CoolWallet in the self-custody hardware wallet category for both retail and institutional crypto holders.
- Ellipal: Hong Kong-based hardware wallet maker selling air-gapped mobile wallets. Comparable consumer target segment and overlapping APAC distribution channels.
- SafePal: Asia-based hardware wallet competitor with mobile Bluetooth pairing and Binance-backed strategic investment. Direct rival to CoolWallet especially across APAC retail and Binance ecosystem users.
- KeepKey: Earlier-generation hardware wallet competing for the same consumer self-custody category, now operating under ShapeShift ownership. Comparable product positioning and retail channel overlap.
- Trezor (SatoshiLabs): Czech Republic-based pioneer of hardware wallets and open-source security. Competes with CoolWallet in the same consumer self-custody segment with a USB-form-factor device and a comparable feature set.
Emerging players
- Notabene: Travel rule and counterparty data platform purpose-built for VASPs, directly comparable to CoolBitX's Sygna compliance suite for FATF compliance and inter-VASP messaging.
- OneKey: Open-source hardware and software wallet provider targeting similar consumer and developer crypto security users with comparable form-factor and Bluetooth mobile pairing.
Broad incumbents
- TRM Labs: Blockchain intelligence and compliance platform serving VASPs with transaction monitoring and travel rule tooling. Overlaps with Sygna's compliance scope but as part of a much broader analytics offering.
- Chainalysis: Industry-leading blockchain analytics and compliance vendor. Competes with Sygna for VASP compliance budgets, offering KYC/AML and travel rule capabilities as part of a comprehensive investigations and monitoring suite.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CoolBitX social profiles
Digital presenceCoolBitX financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoolBitX leadership team
Management profileNumber of profiles
Profiles3 records
CoolBitX funding detail
Funding detailFunding overview
Funding rounds4 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoolBitX M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoolBitX
What does CoolBitX do?
CoolBitX manufactures and sells the CoolWallet S, a credit card-sized Bluetooth-enabled hardware wallet providing EAL5+ certified cold storage for cryptocurrency private keys, paired with iOS/Android mobile applications. The company additionally offers Sygna, a regulatory compliance software suite for Virtual Asset Service Providers (VASPs) that delivers FATF-compliant KYC/AML, travel rule, and transaction monitoring solutions. Enterprise licensing of wallet technology to cryptocurrency exchanges forms the third revenue pillar.
Is CoolBitX a public or private company?
CoolBitX is a private company. It is classified as venture growth investor backed and is currently operating.
When was CoolBitX founded?
CoolBitX was founded in 2014. It employs 51 to 100 people.
Where is CoolBitX based?
CoolBitX is headquartered in Taipei, Taiwan, in the Asia region.
How does CoolBitX make money?
Three revenue lines are on record. Hardware Wallet Sales are the primary driver. The others are sygna Compliance Solutions and enterprise/Wallet Licensing.
Who are CoolBitX's main competitors?
Direct peers on record are Shift Crypto (BitBox), Ledger, Ellipal, SafePal, KeepKey and Trezor (SatoshiLabs). Emerging players are Notabene and OneKey. Broad incumbents are TRM Labs and Chainalysis.
Does CoolBitX have an API?
No public API is recorded for CoolBitX.
What industry is CoolBitX in?
CoolBitX's product category is Cryptocurrency Hardware Wallets. Its primary akta.pro industry code is FSADACAF, Smart Contract Wallets & Account Abstraction, with a secondary code of FSAPACAB, Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters). Its SIC code is 3577.