Probit

What is ProBit?

ProBit Global is a centralized, coin-to-coin cryptocurrency exchange founded in 2018, featuring over 600 listed tokens and 1,000+ trading pairs. It’s known for supporting “qualified and deserving” crypto projects, maintaining robust security with cold-wallet storage, hardware keys, and 2FA, and delivering high-performance order matching—processing more than 1.5 million orders per second :contentReference[oaicite:3]{index=3}.

The platform offers user-friendly tools like customizable dashboards, automated trading bots, staking programs, grid trading, and IEO launchpad support. Multi-language support empowers a global user base of over 5 million, while its fiat-on ramp via credit card expands accessibility :contentReference[oaicite:4]{index=4}.

Why Accounting Teams Use ProBit with Cryptoworth

• Cost Basis & Inventory Tracking: Every trade includes timestamps, token pairs, quantities, and venue metadata—perfect for injection into Cryptoworth’s cost-basis and WAC calculations.
• Unrealized Gain/Loss & Impairment: Live mid-pricing from ProBit integrates with Cryptoworth to calculate unrealized gains/losses and impairment according to GAAP :contentReference[oaicite:5]{index=5}.
• Reconciliation & Sanity Checks: ProBit’s structured trade and wallet data allow Cryptoworth to perform auto-reconciliation with on-chain entries—reducing mismatches and manual labor :contentReference[oaicite:6]{index=6}.
• NFT Valuation: NFT trades are captured alongside token transactions, enabling integrated valuation and ledger entries for digital collectibles.
• ERP & Accounting System Integration: Pre-built connectors for QuickBooks, NetSuite, Sage, Xero, and others auto-map ProBit transactions into structured journal entries.

Security & Performance Highlights

• High-Speed Matching: Processing capacity of over 1.5 million orders per second supports accurate real-time valuation and reduces slippage :contentReference[oaicite:7]{index=7}.
• Security Standards: Maintains 95% of funds in cold storage, enforces 2FA, hardware-security support, and has a clean security history since 2018 :contentReference[oaicite:8]{index=8}.
• Fiat Support & Compliance: Multicurrency credit-card on-ramps under KYC requirements, allowing Capture of fiat spend alongside crypto inflows :contentReference[oaicite:9]{index=9}.