BIT Blog

What is

What is is a secure and high-performance derivative exchange launched by Matrixport, an integrated financial services firm and household name in crypto. is incorporated in Seychelles. Established in February 2019, Matrixport was a spinoff from Bitmain Technologies, the world’s largest cryptocurrency mining equipment producer, and 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, and Paradigm. was built with institutional-grade security and risk management features to ensure a superior trading experience leveraging best-in-class liquidity.

Top Performance is built on top of a state of the art 10,000 TPS matching engine with less than 50 ms round trip latency.

200BTC in the Insurance Fund on Day One

The Insurance Fund already has 200 BTC upon its launch (one of the largest among new exchanges) to mitigate socialized losses, better protecting your investment.

Incremental Liquidation

The exchange also applies an incremental liquidation mechanism to provide additional user protection during extreme market conditions. This robust risk management system was built by a world-class team of derivatives, risk management, and technical professionals.

Security provides institutional grade security safeguarded by Cactus Custody (a Qualified Custodian).

Institutional friendly: offers portfolio margining across all products to institutional investors and enables block trading through Paradigm and ACCX. is proud to serve diverse and sophisticated institutional and retail customers, including miners, prime brokerages, hedge funds, professional traders and retail investors from across the globe. has launched a perpetual BTC/USD perpetual swap and BTC options. More derivatives products will be introduced in the future. Stay tuned!

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