Established in 2020, Bit.com is a full-suite cryptocurrency exchange powered by Matrixport, a Singapore-based integrated financial services firm with a $1 billion valuation in 2021. Some of the exchange’s services include spot, perpetual, futures, and options trading. In addition to these services, Bit.com also supports other features such as Savings, API Connectivity, Block Trading, and Rebalancing Market Maker Strategy (RMM).
The exchange uses a state-of-the-art 10,000 TPS matching engine with less than 50 ms round trip latency for a seamless trading experience. Bit.com also offers a variety of institutional and retail-friendly features, including portfolio margin, which benefits traders with risk-optimized portfolios.
Bit.com’s derivative market is currently supporting 49 pairs, while its spot market has added 66 pairs so far. In 2021, it introduced the Unified Margin (UM) account, an upgraded trading and risk management system for users, allowing them to use different trading services without the need to transfer funds between multiple accounts
Matrixport, its parent company, is backed by a league of top-tier investors such as Jihan Wu, John Ge, Standard Crypto, IDG Capital, Lightspeed Venture Partners, Polychain, Dragonfly Capital, Paradigm, and CMT Digital. Jihan Wu (the founder of Bit.com) is the co-CEO of Bitmain, which is among the largest computer chip manufacturers for BTC mining.