Analyst-loved crypto exchange announces unexpected shutdown
Crypto exchange Bit.com has begun a three-step shutdown of its operations, set to conclude on March 31, 2026.
According to an announcement shared across its social media channels on Dec. 27, and later confirmed over email, the shutdown is a part of a business restructuring plan.
The exchange launched what it calls a “User Asset Migration Plan” to ensure a withdrawal process for customers.
Related: After regulatory shutdown, world’s largest crypto exchange set to reopen in key market
Bit.com was launched in August 2020 by Matrixport, a digital asset platform founded by Bitmain co-founder Jihan Wu.
Designed for institutional and professional traders, the exchange offered spot, futures and options trading, as well as…
