BIT
BIT is a Singapore-headquartered, regulated digital asset financial services platform offering crypto trading, US equities, tokenized real-world assets, custody, and prime brokerage to retail and institutional clients across 12 licensed jurisdictions.
- Company typePrivate
- Founded2020
- HeadquartersMahé, Seychelles
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What BIT does
BIT (formerly Matrixport, rebranded in March 2026) is a Singapore-headquartered digital asset financial services platform that operates a unified trading and custody venue serving both retail investors and institutional clients across funds, family offices, mining operators, and corporate treasuries. The platform combines spot and contract crypto trading across 1,000+ pairs, zero-commission US stock trading across 16,000+ securities, tokenized real-world assets (XAUm gold, XAGm silver, STBT US Treasury Bills), a structured products suite (Dual-Currency, Fixed Income, Balance+, Collateral Loans), a quantitative Strategy Platform offering 100+ systematic programs, and institutional services including an OTC desk, prime brokerage, and Cactus Custody. Cactus Custody is an independently developed digital asset custody solution certified under SOC 1 Type II, SOC 2 Type II, and ISO 27001, with air-gapped cold storage across Switzerland, Hong Kong, and Singapore using MPC/TSS and multi-sig with FIPS 140-3 Level 3+ HSMs.
BIT generates revenue through four streams: transaction fees on crypto trading, recurring custody and asset management fees on $6B+ in AUM, structured product and collateral loan pricing margins, and platform fees on US stock trading. The company maintains a multi-channel GTM combining self-serve digital onboarding through bit.com and dedicated institutional sales via OTC, prime brokerage, and banking partnerships with DBS, SGB, and GLDB that deliver same-name Virtual Account fiat on/off-ramps. Operations are governed through a structured group of entities holding 12 licenses across 7 jurisdictions (Singapore MAS MPI-DPT, Switzerland FINMA, Hong Kong TCSP/Money Lender/DPMS, UK FCA AR, US FinCEN MSB, BVI FSC VASP/SIBA, Bhutan GFSO), and the firm advertises seven years of zero-loss operations as a core trust signal.
BIT firmographics
Firmographics- Name
- BIT
- Legal name
- BIT (operated by Fly Wing Technologies Pte. Ltd.)
- Website
- https://www.bit.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- BIT is a Singapore-headquartered, regulated digital asset financial services platform offering crypto trading, US equities, tokenized real-world assets, custody, and prime brokerage to retail and institutional clients across 12 licensed jurisdictions.
- Ownership category
- akta.pro rank
BIT industry classification
Industry- Product category
- Cryptocurrency Exchange / Digital Asset Trading Platform
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- Digital Asset/Crypto Trade Execution Platforms (FSAFANAO)
- akta.pro secondary industries
- Tokenized Treasury, Money Market & Cash Management Products (FSADAEAB), Tokenized Securities & Capital Markets (Equity, Debt, Funds) (FSADAEAA), Treasury Management & Corporate Crypto Yield Programs (FSADAHAL), Crypto-Digital Asset Market Making (Spot & Derivatives) (FSACANAJ)
Keywords
Where BIT is headquartered
LocationHeadquarters
- HQ city
- Mahé
- HQ country
- Seychelles
Offices3 records
Markets served
BIT business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Trading Fees: Platform generates revenue through trading fees on crypto spot and contract trading, with 1,000+ trading pairs and competitive maker/taker rates with progressive VIP tiers.
- Custody and Asset Management: Revenue from custody services and asset management for $6B+ in assets under custody and management. Includes services for institutional clients through Cactus Custody.
- Structured Products: Products including Dual Currency, Fixed Income, Collateral Loans, and structured yield products generating fees through interest spreads and structured product pricing.
- US Stock Trading: Zero commission trading for US stocks with competitive rates and flat platform fee. Access to 16,000+ U.S. tradable securities through compliant brokerage framework.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Zero commission US stock trading with flat platform fee |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels5 records
BIT product offering
Product offeringCore offering
BIT operates a unified digital asset financial services platform offering crypto trading (1,000+ spot and contract pairs), US stock trading (16,000+ securities), real-world asset tokenization (XAUm gold, XAGm silver, STBT U.S. Treasury Bills), structured products (Dual-Currency, Fixed Income, Balance+, Collateral Loans), and a Strategy Platform with 100+ quantitative programs. Institutional clients additionally access an OTC trading desk, prime brokerage, and the proprietary Cactus Custody solution (SOC 1/2 Type II, ISO 27001 certified) backed by air-gapped cold storage across Switzerland, Hong Kong, and Singapore.
Product overview
BIT is a comprehensive digital asset financial services platform built on institutional discipline and transparent governance. The platform offers a unified account architecture combining crypto trading (1,000+ spot and contract pairs), US stock trading (16,000+ securities), real-world asset tokenization (XAUm gold, XAGm silver, STBT treasury bills), structured products (Dual-Currency, Fixed Income, Balance+, Collateral Loans), a Strategy platform with 100+ quantitative strategies, and institutional services (OTC desk, Prime Brokerage, Cactus Custody, Open API). The product ecosystem is anchored by the BIT Trust Whitepaper 2026, which outlines governance, risk management, and operational frameworks for the $6B+ assets under custody.
Differentiator
Problem solved
Functional benefit
Brands
- Cactus Custody: Independently developed, industry-leading digital asset custody solution certified under SOC 1 Type II and SOC 2 Type II, providing institutional-grade custody services.
- BIT Strategy Platform
Products and services
- Crypto Trading Spot and contract crypto trading with 1,000+ trading pairs, institutional-grade order book depth, tight spreads, and rapid new token listings, available to retail and institutional clients globally.
- US Stock Trading 24/7 near-instant USDT/USDC deposits and withdrawals for trading US stocks including AAPL, TSLA, NVDA, and access to 16,000+ U.S. tradable securities via NBBO system, with shareholder rights including dividends and voting.
- OTC Trading Desk Institutional-grade over-the-counter trading providing 24/7 live quotes, secure compliance framework, automated quotes, fast settlement, and deep liquidity for large block trades, with multi-exchange hedging capabilities.
- Prime Brokerage Institutional prime brokerage services including trade execution, custody, and liquidity solutions for sophisticated digital asset participants including funds, family offices, and mining operations.
- Cactus Custody Independently developed digital asset custody solution with SOC 1 Type II, SOC 2 Type II, and ISO 27001 certifications, featuring air-gapped cold storage across Switzerland, Hong Kong, and Singapore with MPC/TSS and multi-sig security, and FIPS 140-3 Level 3+ / CC EAL 4+ HSMs.
- Fixed Income Fixed income product that locks in industry-leading APYs for steady returns powered by BIT's real lending business, available to retail and institutional clients.
- Dual-Currency Short-term structured product pioneered by BIT in 2019, enabling precision entry at target prices for buy-low-sell-high strategies and generating new yield for digital assets.
- Structured Products Professional structured products covering every market scenario including Seagull, FCN, AQ/DQ for bull markets, Sharkfin and Smart Trend for range-bound returns, and Snowball and BNPL for volatility-based yields.
- Collateral Loan Three loan types including Fixed Loan (locked rates), Flexible Loan (no-term, no-fee), and Fixed Income Loan for borrowing against yield positions.
- BIT Strategy Platform Institutional quantitative strategy portal offering access to 100+ systematic and data-driven strategies from internal teams and external managers, including arbitrage, market-neutral, and multi-asset programs with real-time NAV updates at 10-minute intervals.
- XAUm (Tokenized Gold) Tokenized gold backed 1:1 by 99.99% purity LBMA gold, stored in reputable vaults in Asia with physical redemption options, providing low-correlation diversification for digital asset portfolios.
- XAGm (Tokenized Silver) Tokenized silver backed by 99.9% purity LBMA-accredited Good Delivery silver bars, representing one fine troy ounce per token, offering low-correlation diversification for digital asset portfolios.
- STBT (U.S. Treasury Bills Token) Token backed by short-term U.S. Treasury Bills with 1:1 peg to USD, offering low volatility and correlation diversification for digital asset portfolios.
- Mining Solutions One-stop mining financial platform covering research, hashprice tracking, difficulty forecasting, cash flow optimization models (IRR and payback analysis), and custodian solutions for mining operations.
- Corporate Treasury Management API-powered treasury management solution for corporate assets with $0 integration fee, dedicated onboarding support, and access to 10+ product modules covering trading, custody, and yield products.
- Balance+ Anytime access savings product with hourly compounding, turning idle balances into long-term wealth for retail and institutional clients.
Quantifiable outcome
- $6B+ assets under custody and management
- +2 more outcomes
Companies that use BIT
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
BIT technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
BIT partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- ItsBitcoinWorldminorThird-party research contributor providing guest market analysis. ItsBitcoinWorld contributed a June CPI catalyst analysis published through BIT's platform, identifying US CPI data as critical for Bitcoin's near-term trajectory.
- DBScoreSame-name Virtual Account partnership for fiat OTC services. DBS-powered virtual accounts enable institutional clients to convert fiat to stablecoins with auto-identification, fast crediting, and seamless web/app sync.
- SGBcoreSame-name Virtual Account partnership for fiat OTC services enabling Singapore Dollar conversions to stablecoins for institutional trading.
- GLDBcoreSame-name Virtual Account partnership for fiat OTC services providing institutional-grade fiat on/off ramp capabilities.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
BIT competitors and assessment
Company assessmentDirect peers
- Crypto.com: Crypto.com operates a regulated crypto exchange and trading platform serving retail and institutional clients globally, offering spot and derivatives trading, staking, and a Visa card program—directly comparable to BIT's unified crypto, US stock, and structured product offering.
- OKX: OKX is a global crypto exchange offering spot, derivatives, and options trading, plus a recently launched US stock trading product—closely paralleling BIT's crypto + US equities + tokenized RWA strategy with similar institutional and retail segments.
- Bybit: Bybit is a top-tier crypto derivatives exchange competing directly with BIT's contract trading platform, with comparable institutional services and ongoing expansion into spot, structured products, and tokenized assets.
- Kraken: Kraken is a US-headquartered regulated crypto exchange offering spot and derivatives trading, staking, and institutional prime brokerage—competing with BIT for institutional crypto clients globally, with stronger US and EU regulatory positioning.
- Bullish: Bullish is an institutional-focused crypto exchange operated by Block.one with hybrid order book and automated market making—directly comparable to BIT's institutional OTC desk, prime brokerage, and regulated venue positioning.
- FalconX: FalconX is an institutional digital asset prime broker offering OTC trading, custody, lending, and structured products—BIT's institutional OTC desk, Prime Brokerage, and Cactus Custody compete head-to-head for the same funds, family offices, and corporate treasury clients.
- Bitfinex: Bitfinex (operated by iFinex) is a long-standing crypto exchange offering spot, derivatives, and tokenized securities trading—comparable to BIT's crypto and tokenized RWA offerings, though with different jurisdictional and regulatory positioning.
Broad incumbents
- Coinbase: Coinbase is the largest US-regulated crypto exchange and a publicly listed incumbent offering spot trading, custody, staking, and an expanding derivatives business—BIT competes for institutional mandates against Coinbase Prime and Coinbase Advanced but operates at materially smaller scale.
- Galaxy Digital: Galaxy Digital is a diversified crypto financial services firm offering trading, asset management, prime brokerage, and mining finance—overlapping with BIT's Prime Brokerage, OTC desk, Strategy Platform, and Mining Solutions across institutional client segments.
Emerging players
- Circle: Circle issues USDC stablecoin and operates institutional settlement infrastructure; BIT supports USDC deposits/withdrawals and partners with banking rails—Circle represents a complementary infrastructure player in the tokenized dollar and digital asset settlement stack that BIT's STBT token competes against.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BIT social profiles
Digital presenceBIT compliance and trust
Trust signalCompliance11 records
BIT financial estimates
Financial estimateRevenue estimate
Valuation estimate
BIT leadership team
Management profileNumber of profiles
Profiles6 records
BIT funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BIT M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BIT
What does BIT do?
BIT operates a unified digital asset financial services platform offering crypto trading (1,000+ spot and contract pairs), US stock trading (16,000+ securities), real-world asset tokenization (XAUm gold, XAGm silver, STBT U.S. Treasury Bills), structured products (Dual-Currency, Fixed Income, Balance+, Collateral Loans), and a Strategy Platform with 100+ quantitative programs. Institutional clients additionally access an OTC trading desk, prime brokerage, and the proprietary Cactus Custody solution (SOC 1/2 Type II, ISO 27001 certified) backed by air-gapped cold storage across Switzerland, Hong Kong, and Singapore.
Is BIT a public or private company?
BIT is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was BIT founded?
BIT was founded in 2020. It employs 51 to 100 people.
Where is BIT based?
BIT is headquartered in Mahé, Seychelles.
How does BIT make money?
Four revenue lines are on record. Trading Fees are the primary driver. The others are custody and Asset Management, structured Products and US Stock Trading.
Who are BIT's main competitors?
Direct peers on record are Crypto.com, OKX, Bybit, Kraken, Bullish, FalconX and Bitfinex. Broad incumbents are Coinbase and Galaxy Digital. Circle is listed as an emerging player.
Does BIT have an API?
Yes. BIT offers an Open API providing programmatic access to its product suite including Fixed Income, Dual Currency, Staking, Loans, Wallet, Transfers, Prime Broker, and Strategy products. The API is described as enabling direct connection to BIT's entire underlying product suite with free integration and dedicated end-to-end support. Code sample shows JavaScript/Node.js SDK usage.
What industry is BIT in?
BIT's product category is Cryptocurrency Exchange / Digital Asset Trading Platform. Its primary akta.pro industry code is FSAFANAO, Digital Asset/Crypto Trade Execution Platforms, with a secondary code of FSADAEAB, Tokenized Treasury, Money Market & Cash Management Products. Its NAICS code is 5231 and its SIC code is 6200.