The real test is whether the next two months of sales can justify what Wall Street has already priced in.
If they do, $380 holds. If not, the “safe money” may be the first to leave.
BIT Crypto Exchange
Crypto and equities exchange co-founded by Jihan Wu, with over $6B under custody and management
3.4/ 5
Our score
Fair
Maker fee
0.1%
Taker fee
0.1%
KYC required
Yes
Proof of reserves
No
What is BIT Crypto Exchange?
BIT, formerly known as Matrixport, is a centralized digital asset exchange and financial services platform that combines spot and derivatives crypto trading with traditional equities and tokenized real-world assets. The exchange operates an all-in-one shared balance model; clients can fund accounts with stablecoins like USDT or USDC to trade crypto contracts alongside US and Hong Kong equities.
Leadership and corporate background
The company was founded in 2019 by Chairman Jihan Wu, who previously co-founded mining hardware manufacturer Bitmain and financial services firm Matrixport, alongside Chief Executive Officer John Ge and Chief Operating Officer Lan Yue. In March 2026, the Matrixport platform unified its exchange operations under the BIT brand name. As of 2026, the company manages and custodies over $6B in client assets and processes more than $7B in monthly trading volume across global entities.
Trading mechanics and asset access
BIT offers more than 1,000 spot and contract trading pairs covering cryptocurrencies, stablecoins, and derivatives. Beyond digital assets, users can allocate balances directly to tokenized real-world assets, including gold (XAUm), silver (XAGm), and US Treasury bill tokens (STBT). Through its equities integration, accounts can trade shares listed on the Hong Kong Stock Exchange Main Board and GEM, as well as equities and ETFs listed on the NYSE and Nasdaq. The platform also offers crypto collateralized lending, quantitative strategy products, and structured yield solutions such as Dual-Currency and Snowball instruments.
Fees and account tiers
Trading costs on BIT follow a tiered schedule. Standard spot market trades incur a 0.1% maker fee and a 0.1% taker fee. For futures markets, the standard fee is 0.03% for makers and 0.06% for takers. VIP volume tiers reduce trading costs as monthly turnover grows.
Regulation and platform risks
BIT maintains 12 licenses and registrations across seven jurisdictions, including a Major Payment Institution license for digital payment token services in Singapore, Money Lender and TCSP licensing in Hong Kong, collective asset manager status in Switzerland, and Money Services Business registration in the United States. Depositing requires crypto or stablecoin transfers, and withdrawal limits depend on identity verification tier levels. Specific equity features and products remain restricted in various regions, including Hong Kong. Counterparty risk exists as user assets are held in centralized custody without a published proof-of-reserves audit or public insurance fund.
Founders
Jihan WuCo-Founder & Chairman
Co-founder of Bitmain and Matrixport
John GeCo-Founder & CEO
Lan YueCo-Founder & COO
Best for:Traders combining crypto and equitiesActive crypto futures and options tradersInvestors seeking tokenized real-world assetsStructured yield and quantitative strategy users
Pros and cons
Pros
- Spot fees from 0.1% and futures maker fees starting at 0.03%
- Cross-asset trading across crypto, tokenized commodities, and US and HK stocks
- Regulated across seven jurisdictions, including Singapore, Switzerland, and the UK
- Pioneered dual-currency and multi-scenario structured yield instruments
Cons
- Centralized custody without public proof-of-reserves audits
- No user deposit insurance fund for crypto holdings
- Direct account funding relies on crypto and stablecoins rather than direct fiat deposits
- Equities and select structured products are restricted in Hong Kong and other jurisdictions
Our review
3.4/5
Fair
BIT combines multi-asset derivatives, equities, and tokenized real-world assets across multiple regulatory licenses, but lacks proof of reserves and relies primarily on crypto deposits.
Founded in 2019 and previously unified under the Matrixport brand, BIT is a centralized trading platform overseen by Co-Founder and Chairman Jihan Wu and CEO John Ge. The platform connects standard crypto markets with traditional assets, letting account holders trade over 1,000 spot and contract pairs alongside US and Hong Kong equities and tokenized real-world assets using stablecoin balances.
Trading costs are aligned with standard retail and derivatives tiers. Spot trading carries a base maker fee of 0.1% and a taker fee of 0.1%, while futures markets charge 0.03% for makers and 0.06% for takers. Deposits are unlimited, but funding is centered on cryptocurrencies rather than direct local fiat rails; users must onboard assets like USDT or USDC before entering positions.
BIT's primary strengths lie in its multi-asset scope and institutional breadth. The exchange reports over $6B in custody and asset management, more than $7B in monthly trading volume, and holds 12 regulatory licenses and registrations across seven jurisdictions, including Singapore, Switzerland, Hong Kong, the UK, and the US. It also provides structured wealth products like Dual-Currency yield, tokenized precious metals (XAUm gold and XAGm silver), and tokenized US Treasury bills (STBT).
However, retail users face significant operational trade-offs:
- BIT does not provide a public proof of reserves or an independent user protection fund.
- Deposits and withdrawals are restricted to crypto, lacking native fiat bank-wire integration.
- Third-party security assessments note a lack of published audits, accompanied by below-average ratings on independent security monitors.
- Equities and specialized derivatives remain subject to strict local compliance rules and are excluded in jurisdictions like Hong Kong.
The platform fits active derivatives traders and wealth-oriented investors seeking combined exposure to digital assets, equities, and yield instruments in one account.
Specs
| Markets | Spot, Futures, Options, Margin, OTC · unverified |
|---|---|
| Maker fee | 0.1% · unverified |
| Taker fee | 0.1% · unverified |
| KYC required ⓘ | Yes · unverified |
| Proof of reserves | No · unverified |
| Staking / earn | Yes · unverified |
| Mobile app | Yes · unverified |
| Licenses & registrations | Singapore MPI, Hong Kong TCSP, Hong Kong Money Lender, Switzerland SRO, UK AR, US MSB, BVI VASP · unverified |
| Security features | Cold storage, Account-level isolation, Multi-sig protocols, Segregated custody · unverified |
| Futures & perpetuals | Yes · unverified |
| Earn / savings products | Yes · unverified |
| User protection fund | No · unverified |
Not disclosed by the provider: Coins listed, Fiat deposit methods, Accepts US customers, Max leverage (x), Copy trading, P2P market, Referral program.
Data from the provider's website and public sources. Fees and availability change; confirm on the official site before you sign up.
Key features
Spot and futures markets
Supports over 1,000 spot and contract trading pairs with a standard spot fee of 0.1% and futures fees of 0.03% maker and 0.06% taker.
Shared balance stock trading
Lets traders fund a single balance with stablecoins to trade NYSE, Nasdaq, and HKEX Main Board and GEM equities.
Tokenized real-world assets
Provides 24/7 trading in fully backed on-chain assets, including XAUm gold, XAGm silver, and STBT US Treasury bill tokens.
Structured yield and earn
Offers structured payout products like Dual-Currency, Sharkfin, Snowball, and flexible crypto lending options.
Crypto collateral loans
Enables borrowing through fixed-term, flexible no-term, and fixed income loans using crypto balances as margin.
Institutional strategy platform
Delivers access to more than 100 systematic arbitrage, multi-asset, and market-neutral quantitative trading strategies.
Inside BIT Crypto Exchange
Crypto Trading
Provides order-book spot, perpetual, and contract trading across more than 1,000 pairs with tiered maker and taker fee structures.
Stocks
Supports investing in HKEX, NYSE, and Nasdaq equities and ETFs from a shared account balance funded with stablecoins.
Wealth
Features yield products, Dual-Currency options, and structured market instruments such as Sharkfin, Snowball, and Seagull.
Real-World Assets
Supports 24/7 trading of 1:1 asset-backed on-chain tokens, including XAUm gold, XAGm silver, and STBT US Treasury bills.
Collateral Loan
Enables borrowing against digital asset holdings through fixed-term, flexible, and yield-backed loan structures.
BIT Strategy
Offers an institutional quantitative strategy portal with over 100 systematic arbitrage and market-neutral programs featuring 10-minute interval NAV updates.
OTC Trading
Delivers 24/7 live quotes and settlement services for large-volume block trades and institutional counterparties.
BIT Crypto Exchange screenshots
What users say about BIT Crypto Exchange
User sentiment centers on Bit.com winding down and delisting token trading pairs leading up to its shutdown. While traders previously appreciated the exchange for quick transactions and accessible trading pairs, recent discussions focus heavily on pair removals and technical trading issues.
In their own words
“It's a pain in the ass for UK holders, Bit.com was great for trading. I have a tonne of orders set up which I've now had to cancel, and transfer everything off of BIT to a wallet with no trading. Really need a KuCoin, Kraken, Binance, Crypto.com listing.”
“Hi mate, I’m from Scotland. To start with I’d a lot of trouble buying PEP. ( it’s a lot easier now - well relatively speaking). I opened a Revolut account. Bought USDT. Then transferred the USDT to bit.com Sold USDT and then bought PEP.”
“Bit.com Hey. I just went to check my pep on bit.com and it doesn't exist. Can I still get my pepecoin from bit.com?”
“Alchemypay would be my preference but is not available in the UK. I’m having to buy USDt on Revolut. Transfer to Bit.com - takes 5 mins or so and then purchase PEP. If has worked a treat up until the last 7-10 days.”
Based on 48 Reddit posts and comments from the last 12 months, checked Oct 21, 2026. These are posts by users on other sites, not reviews submitted on CryptoReview.
User reviews
No user reviews yet. Have you used BIT Crypto Exchange? Share your experience below.
FAQ
Who founded BIT Crypto Exchange?
BIT was co-founded in 2019 by Chairman Jihan Wu, who also co-founded Bitmain and Matrixport, alongside CEO John Ge and COO Lan Yue.
What are the trading fees on BIT?
Spot trading carries a 0.1% maker and 0.1% taker fee. Futures trading fees are set at 0.03% for makers and 0.06% for takers, with discounts available for higher VIP volume tiers.
Does BIT require KYC verification?
Yes, identity verification is required on BIT. While deposits are unlimited, withdrawal limits are determined by the user's completed level of KYC verification.
Is BIT safe to use?
BIT maintains institutional cold-storage custody, segregated accounts, and licenses across seven countries, reporting seven years of zero-loss operation.
Can you trade traditional stocks on BIT?
Yes, users can trade US equities on the NYSE and Nasdaq as well as HKEX Main Board and GEM stocks using stablecoin balances, subject to regional jurisdictional exclusions.
Latest from BIT Crypto Exchange on X
iPhone 18 just launched, and Wall Street is already pushing Apple’s target to $380.
That’s unusually fast. Normally, analysts wait for launch-weekend demand and carrier restocking data before moving their models.
That’s unusually fast. Normally, analysts wait for launch-weekend demand and carrier restocking data before moving their models.
Happy Merry Christmas🎄
In crypto, we believe in the long game. Through cycles, through noise, through winter.
This Christmas, may patience be rewarded and conviction turn into value. ✨ https://t.co/Zh4T3DXaQx
In crypto, we believe in the long game. Through cycles, through noise, through winter.
This Christmas, may patience be rewarded and conviction turn into value. ✨ https://t.co/Zh4T3DXaQx
Hope is always hidden in ______?
All in BIT. All on BIT.
Nice to meet you, crypto builder. 💚
#BIT is a top-tier, PoW-friendly crypto exchange — seamless on-chain access, diversified ways to invest.
Join our PoW-only community ▶️ https://t.co/8hbhkdmwDh
Download BIT▶️ https://t.co/D0kPnFPB1Z
#BITPoWer
Nice to meet you, crypto builder. 💚
#BIT is a top-tier, PoW-friendly crypto exchange — seamless on-chain access, diversified ways to invest.
Join our PoW-only community ▶️ https://t.co/8hbhkdmwDh
Download BIT▶️ https://t.co/D0kPnFPB1Z
#BITPoWer
Recent public posts from @BITCryptoXchg, shown as published. Not reviewed or endorsed by CryptoReview.
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