Golix was founded in December 2014 as BitFinance by Verengai Mabika and Tawanda Kembo with the mission to give every person in Africa financial autonomy using cryptocurrency. Golix initially operated as a Bitcoin trading platform, facilitating the buying and selling of bitcoins via mobile money or online banking transactions. It provided users with a cloud-based platform for managing their Bitcoin accounts, enabling them to easily liquidate or purchase bitcoins.

The platform also expanded to include other cryptocurrencies such as Ethereum and Litecoin and offered wallet services for storing these cryptocurrencies .

Despite its ambitions and pioneering role in the African cryptocurrency market, Golix faced significant regulatory challenges. The Reserve Bank of Zimbabwe (RBZ) at one point directed Golix to halt its cryptocurrency trading operations, although Golix obtained a High Court order setting aside this directive. Despite such efforts, Golix eventually ceased operations and sold it’s remaining assets to a family office in October 2019.