Bit.com
Last changed 2026-11-02 · Fact-check review — Fact-check review (verdict: approve): the reviewer checked the page's claims against its sources; the judge moved the trust score from 52 to 62. Version history →
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anchored·5odGyn…eAS6Summary
Bit.com was a Seychelles-registered crypto derivatives exchange launched in 2020 by Matrixport, a Singapore-based digital asset firm spun off from Bitmain and chaired by Jihan Wu. The platform announced a phased wind-down in late December 2025 and, according to secondary reporting, ceased operations by the planned March 31, 2026 deadline; no hacks, lawsuits, or regulatory enforcement actions against Bit.com were found. Some figures in earlier coverage of the shutdown and of a related March 2026 rebrand of parent company Matrixport could not be independently confirmed and are presented here with that caveat.
Connected Entities
1 entityNo connected entities recorded yet — this investigation is not currently linked to any other page in the index.
Timeline(9 events)
February 2019
Matrixport, the Singapore-based firm that later launched Bit.com, is founded as a spinoff of Bitmain.
Background reporting on Matrixport/Bit.com historyJuly 2020
Matrixport announces the launch of Bit.com, a crypto derivatives exchange offering futures and options.
The BlockJanuary 2023
Financial-data providers record a roughly $38 million funding round (listed as "Series C1" or "Series C-II") for the BIT/Matrixport group; investor identities are not disclosed in available sources.
PitchBook / CB InsightsDecember 2025
Bit.com announces a phased shutdown of its operations, stopping new user registrations immediately.
CryptopolitanJanuary 2026
Cloud mining services on Bit.com are scheduled to terminate, with mining income settled and refunds issued for unused service days.
Cryptopolitan31 January 2026
Spot trading on Bit.com ends; remaining contract positions can only be closed, not opened.
CryptopolitanFebruary 2026
Unwithdrawn user assets are moved into a "backup station" system for final withdrawal requests.
Cryptopolitan20 March 2026
Parent company Matrixport rebrands as "BIT," a change distinct from the Bit.com exchange closure, reporting over $6 billion in assets and $7 billion in monthly trading volume.
Bit.com brand update page / The Block press release31 March 2026
Planned final deadline for the Bit.com shutdown and last day to request withdrawals through the backup-station system; secondary sources later reported the exchange ceased operations on or around this date, though no primary closure notice was located.
Phemex NewsDecision Log
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This investigation is cryptographically anchored to the Solana blockchain (10 decisions). 0 of 14 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 6/7/2026, 9:49:14 PM
last updated: 11/2/2026, 9:57:56 AM
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