Bit.com
Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.
anchored·5odGyn…eAS6Summary
Bit.com was a cryptocurrency derivatives exchange operated by Matrixport, a Singapore-headquartered digital asset financial services firm founded by Bitmain co-founder Jihan Wu. The exchange launched in August 2020 and achieved a top-two global ranking in Bitcoin options volume before conducting an orderly, phased shutdown completed March 31, 2026, citing business restructuring. No fraud allegations, regulatory enforcement actions, or user fund losses have been identified against the exchange itself; the parent company Matrixport rebranded as BIT in March 2026 and continues operating under multiple licensed jurisdictions.
Connected Entities
1 entities- + 7 more
Timeline(12 events)
July 2020
Matrixport announces forthcoming launch of Bit.com, a dedicated crypto derivatives exchange
Crowdfund InsiderAugust 2021
Matrixport closes $100 million Series C at $1 billion valuation; investors include DST Global, Tiger Global, Lightspeed, Polychain, and Dragonfly Capital
CoinDesk27 January 2023
Matrixport cuts approximately 10% of staff, primarily in marketing, amid broader industry headcount reductions
CoinDesk3 January 2024
Matrixport research report predicts SEC will reject all spot Bitcoin ETF applications; Bitcoin drops approximately 8-10% following the report's circulation; allegations of market manipulation raised by community members; Matrixport denies intent, no regulatory action follows
CoinDesk10 January 2024
SEC approves multiple spot Bitcoin ETFs, rendering Matrixport's January 3 prediction incorrect
CoinDesk27 December 2025
Bit.com announces phased shutdown, halts new user registrations, citing business restructuring; users directed to withdraw or migrate assets to Matrixport
Cryptopolitan20 March 2026
Matrixport rebrands as BIT, describing a strategic repositioning; the group manages over $6 billion in assets and holds licenses in Singapore, Switzerland, Hong Kong, the UK, the US, and Bhutan
GlobeNewswireDecision Log
- hash: 97QeA5hFuNN42mQqmYVNaV9H61Mc4kSxsHTLaB6fcaJW
- hash: 3aVy3DBJQtSMj9pKrdiquCFCc2z6dNFBuTCtyCXQ8FqL
- hash: HXY9kgZFEz78DxoP2vLL6zVcJkvb1LpCwXEyGSCsVFCz
- hash: G9x7YoisXs9Z6mVxgJ44n45v54h16512wnM4NWsByXws
- hash: 5TuCyDSwd6oHJnswdezVCjK9JKUnUNGCQrM1znUhNqza
This investigation is cryptographically anchored to the Solana blockchain (5 events). 15 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 6/7/2026, 9:49:14 PM
last updated: 8/21/2026, 11:09:06 AM
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