Bit.com has begun a three-phase business shutdown starting December 27th and ending March 31st, 2026.
Bit.com advised users to migrate their assets through the options provided, including direct withdrawals and migration to partner platform Matrixport, before the closure by the end of March.
Bit.com step-by-step plan shutdown
Cryptocurrency exchange Bit.com announced on December 27th through its social media channels that it will be downsizing its business due to business restructuring. Therefore, the company has launched a “User Asset Migration Plan” to help customers withdraw and transfer their owned assets.
The exchange announced a detailed timeline through March 31, 2026. Bit.com pledged to complete “transparent and traceable migration of user assets within a defined time frame” while maintaining equal treatment for all account types during the withdrawal process.
What services will Bit.com discontinue?
Bit.com immediately suspended new user registration. Existing customers will continue to Login, View assets and participate in the migration process.
The platform says typical withdrawal requests are processed within 0.5 to 24 hours. For delays of more than one business day, User may request priority confirmation through Customer Service.
Spot trading on the exchange will continue until January 31, 2026, after which all trades will be functional.centOP.
Users can directly withdraw their assets before the deadline or convert their holdings to USDT. The remaining small non-USDT assets will then be automatically converted to USDT at the closing price, except in the observation area. currency, Users must make manual withdrawals in advance.
Opening new contract trading positions is already disabled. Users can only close existing positions.
Cloud computing power services will end on January 25, 2026, at which point all mining income will be settled. Users with active cloud mining orders will receive a refund for unfulfilled service days calculated from January 25th until the expiration date of the original order.
Automatic income calculation for financial instrument holders will continue until January 30, 2026. For supported currencies such as USDT, users must withdraw their assets through the app after payment.
What should Bit.com users do now?
Users can withdraw funds normally from the main platform until January 31, 2026.
From February 1st, assets that have not yet been withdrawn will be moved to the backup station system, and users will only be able to register and withdraw assets. The exchange has made it clear that no assets will be liquidated, confiscated or disposed of at this stage.
March 31st is the last chance to apply for a withdrawal through Backup Station’s customer service channels.
If you have funds on Bit.com, rely only on official website announcements and legitimate information on official apps.
As always, scammers and bad actors already have systems in place to take advantage of the Bit.com situation. The exchange also issued a scam warning and reminded users that official communications will never ask for passwords, SMS verification codes, mnemonics, or private keys through private messages. The exchange does not ask users to transfer funds to a “security account.”
