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[[Category:AfC submissions by date/<0031Thu, 07 May 2026 23:29:00 +00002026511 2026-05-07T23:29:00+00:00Thursdaypm0000=error>EpThu, 07 May 2026 23:29:00 +0000UTC00002920265 UTCThu, 07 May 2026 23:29:00 +0000Thu, 07 May 2026 23:29:00 +00002026Thu, 07 May 2026 23:29:00 +0000: 17781965405Thu, 07 May 2026 23:29:00 +0000UTC2026-05-07T23:29:00+00:00202611529126UTC07 pu52026-05-07T23:29:00+00:0031upm312920265 2026-05-07T23:29:00+00:0011pmThu, 07 May 2026 23:29:00 +0000pm2026-05-07T23:29:00+00:0031UTCThu, 07 May 2026 23:29:00 +0000 &qu202631;:&qu202631;.</0031Thu, 07 May 2026 23:29:00 +00002026511>May 2026|Bit.com]]

BIT (formerly Bit.com, formerly Matrixport) is a global digital asset financial infrastructure and services group headquartered in Singapore. Originally founded as Matrixport in 2019, the firm later launched the Bit.com cryptocurrency exchange in 2020 before rebranding the entire group under the BIT name in March 2026.

Matrixport was founded in 2019 by Jihan Wu, co-founder of Bitmain Technologies, the world's largest manufacturer of ASIC Bitcoin mining hardware. Wu spun Matrixport off from Bitmain following resistance against Bitmain's planned initial public offering.^[1] The company is based in Singapore, in part to operate outside mainland China's cryptocurrency restrictions. Wu serves as chairman, while Ge Yuesheng (John Ge) serves as CEO.

In August 2021, Matrixport closed a Series C funding round of over US$100 million, led by DST Global, Tiger Global, C Ventures and K3 Ventures, achieving a valuation of US$1 billion and attaining unicorn status.^[2]

In August 2020, Matrixport launched Bit.com as a dedicated cryptocurrency exchange subsidiary, focused on derivatives trading including options and futures contracts.^[3] At launch, Bit.com rapidly became one of the top three most active platforms globally for cryptocurrency options trading.^[4]

USDT-margined futures were formally launched on March 15, 2022, available to users operating under the platform's Unified Margin Mode.^[5]

On March 20, 2026, Matrixport announced it was rebranding the entire group as BIT, with the name standing for "Bridge into Tomorrow."^[6] The company stated the rebrand reflected the maturation of digital asset markets and growing institutional demand for governance, transparency and operational discipline.

Alongside the rebrand, the firm published the BIT 2026 Trust Whitepaper, outlining its governance, risk management and compliance frameworks.^[7]

The rebrand did not affect existing client accounts, products or services, and all legal entities and contractual arrangements remained unchanged.^[8] The company also announced it is exploring potential U.S. capital market opportunities, including a possible public listing.

BIT offers a range of digital asset financial services, serving both institutional and professional investors globally:

• Spot and derivatives trading, including futures, options, and perpetual contracts
• Custody services
• Asset and wealth management
• Liquidity and financing solutions
• Tokenised real-world assets (RWA)

The exchange supports approximately 50 cryptocurrencies and offers USD-margined (USD-M), USDT-margined (USDT-M), and coin-margined (COIN-M) derivatives products. Trading is conducted via a web-based platform powered by TradingView and supported by mobile applications.^[9]

The platform supports institutional investors through block trading integrations with Paradigm and ACCX, as well as portfolio margin and unified margin account structures designed for professional traders, miners, prime brokers, and hedge funds.

BIT maintains a licensed and regulated presence across multiple jurisdictions, including Singapore, Hong Kong, Switzerland, the United Kingdom, the United States and Bhutan. Regulated entities include a Major Payment Institution licence in Singapore and a FINMA-licensed Manager of Collective Assets in Switzerland.^[10]

The firm has been recognised on the Hurun 2024 Global Unicorn Index and the 2025 Singapore FinTech Unicorn List.^[11]

Access to BIT's services is restricted in several jurisdictions, including the United States, Canada, China, Hong Kong, Japan, Singapore, Iran, Cuba, and several U.S. territories, among others.^[12]

• Valuation: over US$1 billion^[13]
• Assets under management: over US$6–7 billion
• Monthly trading volume: over US$7 billion
• Cumulative interest payments to clients: over US$2 billion
• Global offices: 7

• Jihan Wu
• Bitmain
• Matrixport
• Cryptocurrency exchange
• Digital asset
• Tokenized real-world asset

Category:Cryptocurrency exchanges Category:Companies established in 2019 Category:Financial services companies based in Singapore Category:Unicorn companies Category:Companies rebranded in 2026