Bit.com to End Spot Trading by Jan 31 as Asset Migration Starts

Bit.com has announced a phased shutdown of several core services. This includes spot trading as part of a broader business restructuring. The platform said spot trading will officially end on January 31, 2026. While a structured user asset migration process has already begun. The announcement follows an earlier restructuring notice and outlines a clear timeline for service reductions, withdrawals and final account settlements.

Spot Trading to Stop as Services Wind Down

According to the update, Bit.com has suspended new user registrations with immediate effect. Existing users can still log in, view balances and withdraw funds during the transition period. Spot trading will remain available until January 31, 2026. After that date, trading will stop entirely. 

The platform may automatically convert any small balances in non-USDT assets to USDT at the closing price after spot trading ends. Except for tokens listed in observation zones. Contract trading has already entered a limited mode. Users can no longer open new positions and are restricted to closing existing ones. The platform said it will notify users by email about specific settlement times for each contract pair.

Asset Migration and Withdrawal Timeline

Bit.com stated that withdrawals will remain open throughout the migration window. Under normal conditions, withdrawal requests are expected to process within 30 minutes to 24 hours. If funds do not arrive within one business day, users can request priority verification through official support channels. 

From now until January 31, users can withdraw assets directly from the main site. Starting February 1, any assets not withdrawn will be transferred to a backup system. Specifically, this backup site will support account access and withdrawals only. However, no trading or asset management features will be available. Furthermore, the platform set March 31, 2026 as the final deadline. Consequently, after this date, all remaining Bit.com services will shut down completely.

Cloud Mining, Wealth Products, and GoRich Affected

Other services will also end in late January. Cloud computing power products will terminate on January 25. With unused service days refunded based on the original order price. Wealth management products will stop accruing returns on January 30, after which users must withdraw settled funds. GoRich users must cancel pending orders and withdraw assets before January 30. The platform advised users holding meme tokens to convert them into mainstream assets like USDT in advance to avoid liquidity issues.

Matrixport Offers Optional Migration Path

Bit.com confirmed that Matrixport will provide an optional migration channel for spot and derivatives users. Participation is voluntary. Post-migration services will be handled independently by Matrixport. The platform also warned users to remain alert to scams during the transition. Bit.com emphasized that it will never request passwords, private keys or verification codes through private messages. While the announcement signals a significant retreat from active trading services. Bit.com said the structured migration plan aims to ensure transparent asset handling and full withdrawal access through the end of the process.