Fact-check findings

No source the reviewer could reach confirms or contradicts the claim.

1. #7[unverifiable][awaiting moderator]in section: Funding history

   “PitchBook and CB Insights both list a roughly $38 million round dated to around January–February 2023”

   reviewerPitchBook and CB Insights list a roughly $38M round (Series C1 dated Feb 1, 2023; Series C-II dated Jan 1, 2023) and a cancelled $100M round at $1.5B valuation in Nov 2022PitchBook returned 403. The CB Insights page appeared in search results but was not fetched in full. Page already caveats the figure as aggregator-reported.
   citedpitchbook.com/profiles/company/268787-98www.cbinsights.com/investor/bitcom

The cited evidence supports part of the claim but not all of it.

1. #2[partially supported][awaiting moderator]in section: Reported completion and conduct of the wind-down

   “A Coin360 roundup of first-quarter 2026 crypto-industry shutdowns states that "Bit.com completed its shutdown by March 31, 2026"”

   reviewerSecondary sources state Bit.com completed its shutdown by March 31, 2026Substance supported and the page properly hedges it as secondary. The quoted string is not verbatim in the fetched article, which reads 'completed its shutdown by March 31'.
   citedcoin360.com/news/q1-2026-crypto-shutdowns-market-reset
2. #3[partially supported][awaiting moderator]in section: Company background and launch

   “An early Bit.com press release claimed the platform was the second-largest crypto options exchange globally by turnover and open interest, citing data from Skew; this is a company claim rather than an independently verified ranking.”

   reviewerBit.com's early press release claimed second-largest crypto options exchange globally by turnover and open interest, citing Skew dataThe second-largest claim and the company-claim caveat hold. The 'citing data from Skew' and 'globally' details were not found in the fetched release; a re-read of the full text is advisable before correcting.
   citedwww.newswire.com/news/bit-com-gaining-mo…initial-21212597
3. #4[partially supported][awaiting moderator]in section: Company background and launch

   “The exchange was registered in Seychelles and began trading with a BTC/USD perpetual swap followed shortly afterward by Bitcoin options.”

   reviewerExchange was registered in SeychellesPerpetual-then-options sequence confirmed by The Block. Seychelles registration appears in other search results but not in the cited source.
   citedwww.theblock.co/post/72970/matrixport-cr…vatives-exchange

The cited evidence supports the claim as written.

1. #1[confirmed][no action needed]in section: December 2025 – March 2026 shutdown

   “On December 27, 2025, Bit.com announced through its social media channels a three-step, phased shutdown of its operations, stating the wind-down would run from that date "to March 31, 2026."”

   reviewerBit.com announced a phased shutdown on December 27, 2025, with registrations stopped immediately, spot trading until Jan 31, 2026, cloud mining ending Jan 25, backup station from Feb 1 and March 31, 2026 final withdrawal deadlineFetched Cryptopolitan article matches the section's schedule details and the 'will not be cleared, confiscated, or disposed of' assurance.
   citedwww.cryptopolitan.com/bit-com-set-to-win…down-operations/
2. #5[confirmed][no action needed]in section: Company background and launch

   “Bit.com's chairman was Jihan Wu, who co-founded both Bitmain and Matrixport.”

   reviewerMatrixport is a Singapore-based spinoff of Bitmain; Jihan Wu co-founded both and chairs Bit.com; Matrixport founded 2019-02; Bit.com announced July 2020Supported. The 2019-02 timeline month is consistent with other search results (Matrixport established February 2019), though The Block gives only 'last year'.
   citedwww.theblock.co/post/72970/matrixport-cr…vatives-exchange
3. #6[confirmed][no action needed]in section: Funding history

   “Matrixport raised a Series C round in 2021 backed by DST Global partners, C Ventures, K3 Ventures, Qiming Venture Partners, CE Innovation Capital and Tiger Global, reported variously as roughly $100 million to $129 million”

   reviewerMatrixport raised Series C in 2021 backed by DST Global partners, C Ventures, K3 Ventures and others, roughly $100M to $129MCore figures and lead investors match; $129M is described by Decrypt as total raised, which the page's 'reported variously' wording tolerates.
   citeddecrypt.co/77434/matrixport-joins-growin…-100m-investmentfintechnews.sg/54016/blockchain/bitmains…llion-fundraise/
4. #8[confirmed][no action needed]in section: March 2026 rebrand of parent company Matrixport

   “Separately from the Bit.com exchange shutdown, parent group Matrixport announced it was renamed "BIT" effective March 20, 2026”

   reviewerMatrixport renamed BIT effective March 20, 2026, with over US$6B in assets, over US$7B monthly trading volume, valuation over US$1B, HQ Singapore, seven offices; accounts, entities and contracts unchangedAll figures match the company's own material. The 'over US$7 billion in assets' inconsistency was not checked.
   citedwww.bit.com/bit-formerly-matrixportwww.theblock.co/press-releases/394343/
5. #9[confirmed][no action needed]in section: Absence of hacks, lawsuits, or regulatory enforcement

   “No evidence was found of a security breach, lawsuit, or regulatory enforcement action (SEC, CFTC, or otherwise) against Bit.com or against Matrixport in connection with the Bit.com exchange.”

   reviewerNo hacks, lawsuits or regulatory enforcement actions found against Bit.comAbsence claim is correctly hedged as 'no evidence found'. The only cited source is an unrelated BitFunder release, so the citation does not support the claim itself and could be dropped.
   citedwww.sec.gov/news/press-release/2018-23