- Founded
- 2019-01-01 in Singapore
- Headquarters
- Singapore
BIT.com, formerly known as Matrixport, is a full-suite digital asset financial services platform that provides a single regulated account for trading cryptocurrencies, investing in US equities, and holding tokenized real-world assets. Operated by Matrixport, a Singapore-headquartered integrated financial services firm founded in 2019, BIT rebranded in 2024 to unify its consumer-facing brand under a single platform identity. The platform offers spot and derivatives trading with over 1,000 pairs, yield-bearing products such as fixed income and structured products, US stock access through licensed broker-dealers, and institutional-grade OTC and custody services via its Cactus Custody subsidiary. Globally regulated across seven regions with twelve licenses, BIT serves institutional investors, private wealth clients, corporates, and retail users while emphasizing compliance and segregated custody. Its ecosystem also includes Matrixdock, a tokenization platform for real-world assets such as gold and US Treasuries. In late 2025, BIT announced a phased shutdown of exchange operations, with full cessation planned for March 31, 2026, though custody and wealth services may continue under Matrixport.
Detailed Review
History and Founding
BIT.com emerged from Matrixport, a crypto financial services firm co-founded by Jihan Wu, co-founder of Bitmain, and John Ge in 2019. The platform originally launched as a crypto exchange under the domain bit.com in 2020, offering spot, futures, and options trading. In 2024, Matrixport rebranded its entire consumer platform to BIT, consolidating products including crypto trading, wealth management, OTC, custody, and US stock trading under one brand. The rebranding reflected a strategic shift toward a comprehensive digital asset super-app that integrates traditional finance infrastructure with decentralized asset capabilities.
Business Model and Products
BIT’s core product suite includes crypto spot and derivatives trading with 1,000+ pairs, low fees, and institutional-grade order book depth. Users can access 16,000+ US-listed securities via integration with licensed US broker-dealers, funded with stablecoins and subject to a flat platform fee rather than commission. Wealth products encompass fixed income offerings backed by lending yields, structured products such as Dual-Currency and Sharkfin, and collateral loans including fixed and flexible terms. Balance+ provides idle asset yield with hourly compounding. OTC services include large-block trading with same-name virtual accounts for fiat settlement, while Cactus Custody provides segregated, multi-signature custody. Matrixdock tokenizes real-world assets like gold and US Treasuries, enabling on-chain exposure.
Market Position and Regulation
BIT has built a regulatory footprint across Singapore, the British Virgin Islands, Bhutan (in-principle approval for a Financial Services License), and other jurisdictions. The company maintains a strong institutional focus, with services tailored for professional investors, including VIP wealth management and priority execution. Its technology infrastructure supports NBBO pricing for US stocks, real-time risk monitoring, and account-level segregation. Competitors include other regulated crypto exchanges and digital asset platforms like Coinbase, Binance, and Gemini, though BIT differentiates through its integrated TradFi-RWA approach and custody-first architecture.
Recent Developments
In late 2025, BIT announced a phased shutdown of its exchange operations, citing market conditions and regulatory priorities. The closure applies specifically to the exchange platform, with full cessation planned for March 31, 2026. It remains to be seen whether wealth and custody services will continue under the Matrixport parent company. The decision marks a significant strategic pivot, as BIT exits the competitive exchange space while potentially focusing on institutional custody and tokenization services.
Key Products
BIT Exchange
Spot and derivatives trading platform with 1,000+ pairs, institutional market depth, and VIP fee tiers.
BIT Wealth
Yield-earning products including Balance+ (hourly compounding with instant access), Fixed Income (locked-term high APY), and structured products (Sharkfin, Snowball, Dual-Currency, FCN, etc.).
BIT US Stocks
Zero-commission stock brokerage accessing 16,000+ U.S. securities via the NBBO system, with shareholder rights and USD wire transfers.
BIT OTC
Over-the-counter trading service with dedicated same-name virtual accounts for large-volume transactions.
Cactus Custody
Institutional digital asset custody with segregated wallets, 24/7 monitoring, and direct asset verification.
Matrixdock
Tokenized real-world asset (RWA) platform, including sovereign gold and other collateralized tokens.
Matrixport
Parent brand and integrated financial services firm, offering additional B2B solutions not directly part of BIT.com.
BIT Stocks
US stock brokerage accessing 16,000+ securities via NBBO with zero-commission and a flat platform fee.
US Stocks
Access to 16,000+ US-listed securities through licensed broker-dealers, funded via stablecoins with zero commission but a flat platform fee.
Wealth (Earn & Structured Products)
Fixed-income yield products, structured products such as Dual-Currency, Sharkfin, Snowball, and BNPL, plus Balance+ for idle asset compounding.
Collateral Loan
Fixed-term and flexible loans against crypto collateral; includes Fixed Income Loan that lets yield positions serve as collateral.
OTC (Over-the-Counter)
Large-block trading with dedicated same-name virtual accounts for fiat settlement.