BIT

BIT is the current brand of the former Matrixport, combining institutional prime brokerage, OTC trading and loans against assets. The public offer includes fixed, flexible and collateralised loans, among them loans secured by yield-bearing positions.

Loan products

The service list has six items, including Collateral Loan, Fixed Loan and Flexible Loan. The Flexible Loan is advertised without a fee and has no term, while the Fixed Loan has a set term. Borrowing interest and contractual terms must be checked separately. Collateral can be eligible digital assets or qualifying fixed-income positions, and automatic collateral top-up is optional.

Clients and company

Clients are institutional clients, professional investors and qualified wealth clients. The firm was founded in 2019 and has its head office in Singapore, and the site is available in English, Chinese, Spanish and Russian.

Restrictions

The website states that it is not directed at Hong Kong residents, and the Russian and Spanish versions are not directed at EU/EEA or restricted jurisdictions. A client should confirm the entity and restrictions for the service it needs.

Contact

A contact form is published on the site.

Who it suits

Professional and institutional borrowers who need credit against crypto or yield positions.