LiteBit.eu
LiteBit.eu was a Dutch retail cryptocurrency brokerage, founded in 2013, that enabled European individual investors to buy and sell digital assets with fiat currency. The company ceased operations in May 2023 due to market, competitive, and regulatory pressures, migrating customers to Bitvavo.
- Company typePrivate
- Founded2013
- HeadquartersRotterdam, Netherlands
- Headcount51–100
- GTM typeB2C
- OfferingServices
What LiteBit.eu does
LiteBit.eu was a Dutch privately-held cryptocurrency brokerage founded in 2013 and headquartered in Rotterdam, with a postal registered address in Haarlem. The company operated a single-product online platform that enabled retail users across Europe to buy and sell digital assets using fiat currency, targeting individual crypto investors rather than institutional or enterprise clients. Its core offering was a straightforward fiat on-ramp and off-ramp for cryptocurrencies, with no disclosed multi-product architecture, API, mobile app, or proprietary trading technology. The platform was constrained geographically, excluding customers in France and Austria, and the firm operated with an estimated 51–100 employees under a leadership team including CEO Olivier van Duijn, founder Sven Gooshouwer, technology director Erwin Veldhuis, and commercial director Sander Kroeze.
The business model was that of a retail crypto broker generating revenue from spreads and transaction fees on customer trades, although no pricing, fee schedule, or revenue figures are disclosed in the available data. LiteBit had no documented funding rounds, no disclosed institutional investors, no parent company, and no subsidiaries. The company carried no listed patents, certifications, or industry awards, and operated without a mobile application or third-party integrations.
In May 2023, LiteBit announced the termination of all business activities, citing market deterioration, intensified competition, and mounting regulatory pressure under evolving EU crypto rules. The company negotiated a customer transfer agreement with Bitvavo — a larger, well-capitalized Dutch exchange — and submitted the proposed migration to the ACM for assessment. Eligible customers were migrated to Bitvavo, while customers in restricted jurisdictions or those who opted out had their crypto liquidated with fiat proceeds returned to verified bank accounts. LiteBit is now in the final stages of corporate wind-down, no longer provides customer support, and retains only a postal address for legal, law enforcement, and regulatory correspondence.
LiteBit.eu firmographics
Firmographics- Name
- LiteBit.eu
- Legal name
- LiteBit
- Website
- https://litebit.eu
- Company type
- Private
- Founded year
- 2013
- Operating status
- Closed
- Headcount range
- 51–100 employees
- Short description
- LiteBit.eu was a Dutch retail cryptocurrency brokerage, founded in 2013, that enabled European individual investors to buy and sell digital assets with fiat currency. The company ceased operations in May 2023 due to market, competitive, and regulatory pressures, migrating customers to Bitvavo.
- Ownership category
- akta.pro rank
LiteBit.eu industry classification
Industry- Product category
- Retail Cryptocurrency Brokerage
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industry
- Crypto Payment Gateways & Checkout APIs (FSADAIAA)
Keywords
Where LiteBit.eu is headquartered
LocationHeadquarters
- HQ city
- Rotterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
LiteBit.eu business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
LiteBit.eu product offering
Product offeringCore offering
LiteBit.eu was a Dutch cryptocurrency broker that operated an online platform enabling retail users to buy and sell digital assets (such as Bitcoin, Ethereum and other cryptocurrencies) using fiat currency. The service was offered primarily to retail cryptocurrency investors and traders in the European market. LiteBit announced in May 2023 its intention to cease operations due to market developments, increased competition, and mounting regulatory pressure, with eligible customer accounts subsequently transferred to Bitvavo.
Product overview
LiteBit.eu was a single-product Dutch cryptocurrency brokerage platform that operated until May 2023, when it ceased operations. The core offering was a crypto trading and exchange service allowing retail customers to buy and sell digital assets. Following the shutdown, all eligible customer accounts and funds were transferred to Bitvavo, another Dutch cryptocurrency exchange. The company did not operate a multi-product or modular platform architecture.
Differentiator
Problem solved
Functional benefit
Products and services
- LiteBit Crypto Brokerage Platform Online cryptocurrency brokerage service that enabled retail users in Europe to buy and sell digital assets (including major cryptocurrencies) using fiat currency, with identity verification and bank-account-linked funding. Operations were wound down in May 2023.
Companies that use LiteBit.eu
Customer profileSegments1 record
Ideal customer profiles1 record
LiteBit.eu technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
LiteBit.eu partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- BitvavocoreFollowing LiteBit's decision to cease operations in May 2023, a customer transfer agreement was established with Bitvavo. Eligible LiteBit customers were offered the option to transfer their digital assets to Bitvavo. The transfer was submitted to relevant authorities (ACM) for assessment. Customers from France or Austria, or those who opted out, had their crypto sold and funds returned to their verified bank accounts.
Scale indicators2 records
Recent moves5 records
Expansion highlights2 records
LiteBit.eu competitors and assessment
Company assessmentDirect peers
- Bitvavo: Amsterdam-based cryptocurrency exchange and the direct successor that absorbed LiteBit's customer accounts and digital assets in May 2023. It is the most directly comparable peer because it serves the identical Dutch retail crypto segment under AFM/MiCA authorization and explicitly onboarded LiteBit's user base.
- BTC Direct: Dutch-headquartered retail cryptocurrency broker offering European users the ability to buy and sell digital assets with fiat. Directly comparable to LiteBit's pre-shutdown product: a single-market EU broker storefront competing on accessibility, fees, and KYC onboarding.
- Coinmerce: Amsterdam-based European cryptocurrency broker serving retail users with fiat on/off-ramps. Competes in the same Dutch/EU retail brokerage category that LiteBit occupied before its closure, including similar KYC, IBAN-linked deposits, and wallet-custody models.
- Knaken: Dutch cryptocurrency broker and exchange focused on retail and SME users in the Netherlands and broader EU. Comparable to LiteBit on geography, customer segment, and core offering of fiat-to-crypto exchange for retail users.
- Bitcoin Meester (SATOS): Dutch retail-focused cryptocurrency broker offering Euro-based buy and sell of digital assets. Direct substitute for LiteBit's service, competing for the same Dutch retail crypto customer with a similar simple fiat-to-crypto purchase flow.
Broad incumbents
- Coinbase: US-headquartered publicly listed crypto exchange with broad European operations and MiCA-compliant presence in major EU markets. A broader incumbent whose retail brokerage, custody, and staking services overlap with LiteBit's buy/sell-and-custody offering for European retail users.
- Kraken: Global crypto exchange with established European entity and staking, spot, and brokerage products. Comparable as a multi-asset, multi-jurisdiction incumbent serving retail users in the same EU markets LiteBit targeted.
- Binance: World's largest crypto exchange by volume, serving retail users globally and competing for EU users through localized entities. Cited as a direct driver of the "increased competition" LiteBit referenced when shutting down, and operates the same retail brokerage function at much greater scale.
- eToro: Multi-asset retail broker (stocks, ETFs, crypto, CFDs) with strong European footprint and a regulated crypto offering. Comparable as a broader retail brokerage that bundles crypto trading into a wider portfolio, competing with LiteBit for the same retail EU customers.
Regional players
- Luno: Cryptocurrency exchange operating primarily in emerging markets (South Africa, Nigeria, Indonesia, Malaysia, Europe) with retail spot and buy/sell products. Comparable on product (retail crypto brokerage) and on serving European retail users, though anchored to non-EU geographies.
Market position
Strengths1 record
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights4 records
Customer concentration
LiteBit.eu social profiles
Digital presenceLiteBit.eu financial estimates
Financial estimateRevenue estimate
Valuation estimate
LiteBit.eu leadership team
Management profileNumber of profiles
Profiles4 records
LiteBit.eu funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LiteBit.eu 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 LiteBit.eu
What does LiteBit.eu do?
LiteBit.eu was a Dutch cryptocurrency broker that operated an online platform enabling retail users to buy and sell digital assets (such as Bitcoin, Ethereum and other cryptocurrencies) using fiat currency. The service was offered primarily to retail cryptocurrency investors and traders in the European market. LiteBit announced in May 2023 its intention to cease operations due to market developments, increased competition, and mounting regulatory pressure, with eligible customer accounts subsequently transferred to Bitvavo.
Is LiteBit.eu a public or private company?
LiteBit.eu is a private company. It is classified as founder individual operated bootstrapped and is currently closed.
When was LiteBit.eu founded?
LiteBit.eu was founded in 2013. It employs 51 to 100 people.
Where is LiteBit.eu based?
LiteBit.eu is headquartered in Rotterdam, Netherlands, in the Europe region.
Who are LiteBit.eu's main competitors?
Direct peers on record are Bitvavo, BTC Direct, Coinmerce, Knaken and Bitcoin Meester (SATOS). Broad incumbents are Coinbase, Kraken, Binance and eToro. Luno is listed as a regional player.
Does LiteBit.eu have an API?
No public API is recorded for LiteBit.eu.
What industry is LiteBit.eu in?
LiteBit.eu's product category is Retail Cryptocurrency Brokerage. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSADAIAA, Crypto Payment Gateways & Checkout APIs. Its NAICS code is 523 and its SIC code is 6200.