LiteBit.eu

LiteBit.eu (LiteBit)

LiteBit.eu was a Netherlands-based centralized cryptocurrency service (CEX / custodial broker-style platform) that allowed users—primarily in Europe—to buy, sell, and store cryptoassets via its website and app. (litebit.eu)

Operator / legal entity

• The service operated under the LiteBit brand, which is a registered trade name of 2525 Ventures B.V. (a Dutch limited liability company). (litebit.eu)
• LiteBit’s terms state the company was registered with the Dutch Central Bank (De Nederlandsche Bank, DNB) as a custodian wallet provider and as a provider engaged in exchange services between virtual currencies and fiat currencies (integrity supervision / AML context). (litebit.eu)

Regulatory registrations mentioned by LiteBit

• LiteBit’s user agreement also describes registrations with:
  • AMF (France) for digital-asset custody and exchange-related services. (litebit.eu)
  • FMA (Austria) for custodian wallets and exchange services between virtual currencies and fiat currencies. (litebit.eu)

Operational status (ceased operations)

• LiteBit announced it would cease operations on May 23, 2023, citing market developments, and entered an arrangement with Bitvavo to facilitate client fund transfers as part of a wind-down process. (siliconcanals.com)
• As of LiteBit’s own contact page, the company states it is in the final stages of winding down and is no longer providing normal customer support (only limited channels for legal/regulatory inquiries). (litebit.eu)

What happened to customer accounts (per LiteBit)

• LiteBit indicates that eligible accounts/funds were moved to Bitvavo as part of the transfer process; other cases (e.g., opt-outs and certain jurisdictions) followed different handling described in its FAQ. (litebit.eu)