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Biton

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Biton is a blockchain asset trading platform that uses the Harmonize platform and offers automated liquidity management services

United StatesFounded 2024Fintech
Valuation $100–500M Latest valuation · 2024
Total funding $10–50M Disclosed equity funding
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About Biton

Biton, operating under the name BitOn币旺, positions itself as a digital entertainment transaction platform operating on the TRON blockchain. The company's focus lies at the intersection of decentralized finance (DeFi) and online entertainment, a sector sometimes referred to as GameFi.

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The platform provides a suite of services that blend cryptocurrency trading with gaming and prediction markets. Core offerings include peer-to-peer (C2C) trading which it states requires no Know-Your-Customer (KYC) procedures, a proprietary decentralized wallet named OnOn Pocket, and mining rig rental services. It primarily serves cryptocurrency users interested in entertainment-based applications for their digital assets.

Biton's product portfolio is centered on various gaming and gambling-like activities. A key feature is "micro trading," where users can speculate on the short-term price movements of Bitcoin, specifically predicting its rise or fall within a one-minute timeframe. The platform has also developed blockchain-based games, such as a decentralized version of Texas Hold'em and a unique baccarat game called "Golden Dog Baccarat," which uses the real-time price of Dogecoin (DOGE) as a mechanism for generating game outcomes. Additionally, the company offers a lottery service with results based on the official US Powerball and facilitates betting on major global sports leagues. Revenue appears to be generated from fees and engagement across these various transactional and gaming activities.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2024
Headquarters
United States
Open positions
None listed
Dealroom signal
21.0/100
Industry
Fintech
Sub-industry
Crypto and DeFi
Sector
Fintech, Trading, Decentralised Applications, Crypto Exchange, Defi
Technology
Blockchain
Client focus
b2c

Latest news

Press, funding announcements and product moves mentioning Biton.

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VCEquity / VC May 2024 $44M $176M Fire Rabbit Capital
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Growth signals

Biton website traffic

Latest recorded traffic for Biton is 1.3K monthly website visits, up 188.9% over the last three months.

Latest monthly visits1.3K 3-month web change+188.9%
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Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A1 investor entered at this stage

  • Fire Rabbit Capital
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Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States HQ
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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Biton 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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