According to a report by TechFlow TechFlow on December 27, an official announcement stated that due to business adjustments, crypto exchage BIT will be systematically scaling back its existing business and simultaneously launching a "user asset migration plan".
BIT is committed to completing all transparent and traceable user asset migrations within a defined timeframe.
Effective immediately, BIT will suspend new user registration. Existing users can log in, view assets, and participate in the migration process as usual.
All spot assets will remain searchable. Spot trading will cease on January 31, 2026.
All users holding contract account balances, positions, or unsettled profits and losses on BIT will have their ability to open new contract positions suspended effective immediately ; only closing positions will be permitted.
