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BITLEVEX
The next-generation BTC derivative platform
About BITLEVEX
BITLEVEX operates as a cryptocurrency investment and trading platform, established in Tallinn, Estonia, in 2019 by founder Mihails Skoblovs. The firm secured a virtual currency services license from the Estonian Financial Intelligence Unit early on, a key move that signaled its commitment to regulatory compliance. A significant milestone in the company's trajectory was securing a $50 million investment facility from GEM Digital Limited in August 2022. This capital was earmarked for scaling promotional activities, expanding its team, and diversifying its service offerings to grow its user base, which stood at approximately 50,000 registered users at the time of the funding announcement.
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The business centers on providing a platform that merges cryptocurrency and traditional asset trading. It primarily targets both retail investors and experienced financial professionals with a product suite that includes spot trading, margin trading, and a particular focus on cryptocurrency options. Revenue is generated mainly through transaction fees, a model where income scales directly with the platform's trading volume. The platform serves a global user base, allowing deposits through both cryptocurrencies like Bitcoin and traditional fiat money via credit cards and e-wallet systems.
BITLEVEX's platform is designed to provide a holistic financial solution by incorporating personal finance tools for budgeting and money management alongside its trading functionalities. It seeks to enhance user engagement by integrating social networking elements and gamification. The platform is built on blockchain technology to facilitate secure and efficient transactions, with security measures such as two-factor authentication and cold storage for assets. Future development plans include the launch of a native utility token called BLEX, an NFT marketplace, a digital wallet, merchant payment solutions, and a crypto debit card to capitalize on the evolving digital asset landscape.
At a glance
- Status
- Closed
- Founded
- 2019
- Headquarters
- Tallinn, Estonia
- Employees
- 2
- Open positions
- None listed
- Dealroom signal
- 0.0/100
- Industry
- Fintech
- Sub-industry
- Crypto and DeFi, Wealth Management
- Sector
- Fintech, Stock Exchange, Crypto Exchange, Cefi, Crypto Derivatives, Crypto and Web3, Hard Tech, Startup Estonia
- Technology
- Blockchain, Mobile app
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| EARLY VCOther financing | Aug 2022 | $50M | $200M | GEM Digital | ↗ |
| SEEDOther financing | Sep 2019 | $275K | $1.1M | Undisclosed | — |
Growth signals
Latest recorded traffic for BITLEVEX is 760 monthly website visits, down 65.5% over the last three months. BITLEVEX's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
GEM Digital
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
An AI-synthesised read of the highest-engagement posts about BITLEVEX on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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