A well-known cryptocurrency platform announces business downsizing and initiates user asset migration plan

2025-12-27 05:40:11

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【BitPush】According to industry sources, the well-known cryptocurrency trading platform Bit.com recently issued a notice announcing an orderly contraction of its existing operations, while also advancing user asset migration efforts.

According to official arrangements, the platform will continuously provide detailed and comprehensive operational guidance to users through multiple channels—including official notices, emails, and in-platform messages—to ensure users can smoothly complete asset processing and migration within the specified timeframe. The specific timeline, operational procedures, and related matters will be provided in subsequent official announcements and guidance documents.

Background information indicates that Bit.com was established in 2020 and is a subsidiary of the Singapore-based crypto financial platform Matrixport. Interestingly, the main company, Matrixport, was founded by Wu Jihan—who left Bitmain in 2019 and established this platform, where he currently serves as Chairman. This business adjustment will have a significant impact on the future direction of the entire platform.

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NonFungibleDegen

· 16h ago

ngl ser this is giving "orderly wind down" but we all know how this ends lmao... probably nothing tho

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wrekt_but_learning

· 16h ago

No way, another contraction? Wu Jihan is also starting to drop the ball? Assets are running out, brothers, don't wait. Matrixport's pitfalls still have to be climbed out of on your own. It's another hassle to migrate, so troublesome. Wu Jihan: I'll just see how much longer I can hold on. This crypto platform, it collapses just like that, truly hopeless.

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metaverse_hermit

· 16h ago

Another platform is about to implement "orderly contraction," how nice to say Wait, is it Wu Jihan's? Is this one reliable Asset migration is going to be a hassle again, so annoying

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pumpamentalist

· 16h ago

Another one has shrunk; this market trend is really a reshuffle. Wu Jihan's project couldn't hold up either. Hurry up and run before you're trapped inside. Will this time be another case of "orderly" exit followed by an immediate run? Asset migration... just listen, withdrawing early is the way to go.

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