Cryptsy is a bare-bones and no-nonsense trading platform setup, where investors can trade their favorite types of cryptocurrency between one another. Though the exchange itself does not currently offer wallets for its users, its platform is compatible with the majority of digital currency wallets on the market. What sets Cryptsy apart from the majority of exchanges out there is its cryptocurrency diversity. Some exchanges trade exclusively in Bitcoin, and still others might add a few other types, such as Litecoin and Peercoin, to name some examples. Cryptsy's electronic doors are wide open when it comes to the types of currency being traded; their platform is set up for about one hundred fifty different types—with new currencies being added regularly. The main page of the exchange's website features statistics for Bitcoin and Litecoin, as they compare to the other types of digital currency available to their traders. Investors are also able to earn CryptsyPoints, which can be used to enter drawings for prizes offered by the exchange. The Cryptsy website also features an investor forum and Twitter feed for the exchange of ideas and suggestions.
Cryptsy was founded by entrepreneur Paul Vernon, and is operated by Project Investors, Inc. The exchange opened for public trading on May 20, 2013, and its headquarters are located in Delray Beach, Florida.