BIT.com (Matrixport)

BIT.com (BIT) — “Matrixport” exchange

BIT.com (also branded as BIT) is a centralized cryptocurrency trading platform that was launched as a crypto derivatives exchange by Matrixport, a digital-asset financial services firm. BIT launched in August 2020 and has been positioned around institutional-style derivatives trading (notably bitcoin options), with additional services added over time. (theblock.co)

Website (as provided): text https://www.bit.com/

The site markets the platform as operating “since 2020,” consistent with the reported launch timeframe. (bit.com)

Relationship to Matrixport

BIT is described by BIT’s own help-center materials as having launched in August 2020 as a spin-off from Matrixport. (helpcenter.bitexch.io)
Matrixport, in turn, has been widely reported as a digital-asset financial services platform with institutional products including custody (via Cactus Custody) and other brokerage-like services. (blog.matrixport.com)

Products and services (high level)

BIT has been described in public communications and industry coverage as offering:

• Derivatives trading (including futures/perpetuals and options, with bitcoin options highlighted in multiple descriptions). (theblock.co)
• Spot trading, which was added after launch (reported publicly in 2021). (cointelegraph.com)

Twitter / X account identity

The Twitter/X handle you referenced is presented by BIT’s own help-center “community” page as its official Twitter account:

text https://twitter.com/BITCryptoXchg

That same help-center page lists the account alongside other official social channels (Telegram, Facebook, Instagram) and publishes support contact addresses under the BIT brand. (helpcenter.bitexch.io)

Operational status and shutdown / migration notice (important context)

As of February 17, 2026 (today’s date), BIT has publicly announced an operational wind-down and a “User Asset Migration Plan” with specific deadlines:

• Spot trading scheduled to cease: January 31, 2026
• Backup-period withdrawals: beginning February 1, 2026
• Final deadline mentioned: March 31, 2026 (helpcenter.bitexch.io)

This information appears in BIT’s help-center announcements dated December 27, 2025, which describe a structured scale-back of services and continued withdrawal/migration support during a defined window. (helpcenter.bitexch.io)

Summary

In short, BIT.com is a Matrixport-launched crypto exchange best known for derivatives (including bitcoin options), later expanded to spot trading, and associated publicly with Matrixport’s broader digital-asset financial-services ecosystem. Its social account @BITCryptoXchg is linked from BIT’s own support documentation as an official channel. (theblock.co)