2025-12-27 06:21:47

On December 27th, the well-known crypto trading platform Bit.com released an important announcement, stating that it will orderly reduce its existing operations and officially initiate user asset migration arrangements.

According to the official announcement, the specific arrangements are as follows: the platform will suspend new user registrations starting today; contract trading will only allow closing positions; spot trading services will officially close on January 31, 2026; cloud computing power, financial management, GoRich, and other derivative businesses will gradually terminate and settle in late January.

For user assets that have not yet been withdrawn, the platform stated that starting from February 1st, assets will be transferred to the backup site to continue ensuring withdrawal rights, and overall services will be maintained until March 31st.

The platform promises to continuously provide detailed operational guidance and schedule through official announcements, emails, and in-site messages. Users are required to complete asset processing and migration within a clear time window; specific procedures and precautions will be based on future official announcements.

Bit.com is a subsidiary of the Singapore-based crypto financial services platform Matrixport, established in 2020.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

17 Likes

Reward
17
7
Repost
Share

Comment

0/400

MultiSigFailMaster

· 13h ago

Another platform is shutting down, quickly check if your coins are still there --- Owned by Matrixport, not surprising, it's been quite tough these past two years --- Is the withdrawal window this tight? Feels like another mass exodus is about to happen --- They won't close spot trading until 2026, so it's not urgent, there's over half a year to react --- The cloud computing part was directly cut, indicating no one is really using it anymore --- Having to manually migrate assets again, so troublesome. When will it finally be hassle-free? --- Can we trust the backup site? I always feel a bit suspicious --- Is Matrixport shrinking or truly unable to hold on?

View OriginalReply0

FastLeaver

· 23h ago

Another one has run away... Hurry up and withdraw your coins, everyone.

View OriginalReply0

ZKSherlock

· 12-27 06:44

actually... why we keep trusting these "orderly wind-downs" when the trust assumptions are sketchy at best? 🤔

Reply0

UnluckyLemur

· 12-27 06:44

Another one is about to run away, hurry up and withdraw your coins.

View OriginalReply0

ShibaSunglasses

· 12-27 06:43

Another platform is about to run away, this industry is really getting more competitive. --- Quickly withdraw your coins, don't wait until the last minute to panic. --- Isn't everything under Matrixport okay? This is a signal. --- I'm a bit anxious. I still have some assets on Bit. Should I start migrating now or wait a bit longer? --- What they call an orderly reduction is actually just closing down, right? --- Deadline is March 31st? Bro, is that enough time? Feels so rushed. --- Another Singapore platform. I really can't afford to play with these small exchanges.

View OriginalReply0

SelfSovereignSteve

· 12-27 06:39

Another platform is shutting down. Luckily, my assets weren't tied up there.

View OriginalReply0

0xLostKey

· 12-27 06:26

Another platform says "gradual reduction," it just annoys me to watch --- Hurry up and run, don't wait until the last moment to panic --- Is this how all platforms under Matrixport operate? I'm a bit worried --- Asset migration process has to be repeated again, so troublesome --- They only close spot trading in 2026, but the risks in these months are not small either --- Check the schedule carefully, don't miss the withdrawal window and suffer heavy losses --- The promised "orderly," but in reality, it's just a notice before running away --- Is the backup site reliable? I really don't believe in this kind of operation --- Need to find a new platform again, this industry is too exhausting

View OriginalReply0