Bit.com
Summary
Bit.com was a cryptocurrency derivatives and spot exchange launched in August 2020 by Matrixport, a Singapore-based digital asset firm founded by Bitmain co-founder Jihan Wu. On December 27, 2025, the exchange announced a phased wind-down under the label 'business restructuring,' with spot trading ceasing January 31, 2026, a backup withdrawal-only station active through March 31, 2026, and post-deadline asset recovery requiring individual customer-service requests. No regulatory action, security breach, or insolvency has been publicly reported as the cause; the shutdown appears consistent with a broader strategic consolidation by Matrixport, which rebranded as 'BIT' on March 20, 2026.
Connected Entities
1 entities · 10 linked investigations- + 3 more
Timeline(13 events)
2019-01-01
Jihan Wu, co-founder of Bitmain, departs as co-CEO and founds Matrixport, a Singapore-based digital asset financial services firm.
Jihan Wu — Wikipedia2020-07-01
Matrixport announces plans to launch Bit.com, a dedicated cryptocurrency derivatives exchange, to offer BTC/USD perpetual swaps and options.
Bitmain spin-off Matrixport is launching a crypto derivatives exchange — The Block2020-08-03
Bit.com officially launches with a BTC/USD perpetual swap product.
Singapore Based Digital Asset Firm Matrixport To Launch Bit.com — Crowdfund Insider2020-08-17
Bit.com launches BTC options trading, later expanding to ETH and BCH options, claiming to be the first exchange to list BCH options.
Leading Crypto Derivatives Exchange Bit.com Set to Launch Bitcoin Cash Options — Bitcoin.com News2025-01-01
Options trading is reportedly disabled on Bit.com, representing a significant reduction of services ahead of the formal shutdown announcement.
BIT.com Review 2025 — FX Empire2025-12-27
Bit.com publishes a formal wind-down notice via social media and email, citing 'business restructuring.' New user registrations suspended immediately; derivatives trading restricted to closing existing positions only.
Crypto exchange Bit.com set to wind down operations — Cryptopolitan2026-01-07
Bit.com publishes a follow-up announcement with detailed asset migration procedures and backup station system specifications.
Bit.com Exchange Begins Wind-Down Amid Migration Plan — 1Token Tech Blog2026-01-25
Cloud mining (hashrate) services on Bit.com terminate; all pending mining income settled by this date.
Bit.com Plans Gradual Shutdown by March 2026 — MEXC News2026-01-30
Structured financial product (GoRich) income calculations cease; users required to manually withdraw assets from supported currencies.
Analyst-loved crypto exchange announces unexpected shutdown — TheStreet Crypto2026-01-31
Spot trading fully ceases on Bit.com. Remaining non-USDT assets automatically converted to USDT at closing prices. Primary withdrawal window via main platform ends.
Bit.com Announces Three-Phase Shutdown Plan to March 31, 2026 — KuCoin2026-02-01
Backup Station system activates. All remaining user assets transferred to backup station; login and withdrawal functions only. 24/7 customer support with one-hour ticket response commitment.
Bit.com begins phased shutdown, sets March 2026 deadline for withdrawals — MEXC News2026-03-20
Matrixport formally rebrands as 'BIT' (Bridge into Tomorrow), announced via PR Newswire. The company states the rebrand does not affect client accounts or legal entities. BIT reports $6 billion in assets under management and $7 billion in monthly trading volume.
Matrixport Rebrands as BIT in Strategic Repositioning — PR Newswire2026-03-31
Backup Station self-service withdrawal window closes. After this date, asset recovery requires individual customer-service requests submitted through the Backup Station system. Exchange states assets remain preserved and will not be disposed of.
Bit.com Plans Shutdown with User Asset Migration — MEXC NewsDecision Log
- hash: 5TuCyDSwd6oHJnswdezVCjK9JKUnUNGCQrM1znUhNqza
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-code-investigator
generated: 6/7/2026, 9:49:14 PM
last updated: 6/7/2026, 10:10:49 PM
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