Bit.com Plans Shutdown with User Asset Migration
- Bit.com to close, urges asset migration to Matrixport.
- Operations cease by March 2026.
- User assets must be migrated or withdrawn.
Bit.com, a centralized cryptocurrency exchange, announces a phased shutdown and asset migration from December 27, 2025, to March 31, 2026, directing users to Matrixport.
This closure impacts Bit.com’s trading services, prompting users to withdraw or migrate assets, signaling shifts within the cryptocurrency exchange market.
Bit.com will cease operations by March 31, 2026, urging users to migrate assets to Matrixport.
The shutdown reflects strategic alignment within Matrixport, impacting Bit.com users globally.
Bit.com Cease Operations Scheduled for March 2026
Bit.com, a centralized crypto exchange, announced its shutdown schedule, urging users to move assets. The migration process to Matrixport, a related entity, begins December 2025.
Operations will cease by March 2026, with users advised on withdrawal and conversion options to mitigate impacts. “The company’s User Asset Migration Plan is designed to facilitate the transition of assets primarily to Matrixport as Bit.com winds down operations from December 27, 2025 to March 31, 2026.” – Intellectia
User Reactions to Asset Migration Requirements
The shutdown will affect user holdings, requiring withdrawal or migration to Matrixport. Spot trading ends January 31, 2026.
Users advised to convert to USDT to prevent liquidity issues; regulatory bodies have yet to comment formally.
Closure Context Informed by Past Exchange Shutdowns
Similar strategic closures have occurred; user asset protection and orderly transitions are typically critical priorities.
Experts anticipate enhanced migration framework efficiency, rooted in past experiences and emerging best practices.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
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