About BIT

BIT (formerly Matrixport), founded in 2019, is a Singapore-headquartered, licensed and compliant digital asset financial services group. It provides institutional and professional investors with a full suite of financial services, including trading, custody, asset management, and financing. The group currently manages more than $6 billion in assets and processes more than $7 billion in monthly trading volume. It holds key licenses and qualifications including Singapore’s Major Payment Institution (MPI) license and a Swiss FINMA asset management license, and it has repeatedly been named to the Hurun Global Unicorn List and the Singapore Fintech Unicorn List. The founding team comes from Bitmain, Matrix Partners, and Canaan.

Its business currently covers multiple countries and regions, and it has also obtained regulatory licenses in multiple jurisdictions.

Its main services are shown below. Compared with other crypto platforms, BIT places more emphasis on asset growth rather than pure trading.

In addition, BIT is currently rolling out and upgrading its U.S. stock trading offering, which we will cover in detail below.

Sign-Up and Rewards

Account Opening Rewards

If you register through our exclusive link now, you can stack multiple rewards.

After opening your account, you can receive:

  • U.S. stock LV1 market data (free renewal as long as you maintain a balance)
  • 50% APY on USDT (valid for seven days, up to 1000 USDT, which works out to roughly an extra 10 USDT)
  • $100 U.S. stock trading voucher (can be used to offset U.S. stock trading fees)
  • Lifetime 0 commission on U.S. stock trading
  • Up to $300 in stock cash cards for account transfers, plus a chance to win an iPhone 17 Pro (requires transferring in more than $10,000)

In addition, new users can also participate in the SPCX promotion: deposit to earn up to an extra $50 SPCX, and trade to earn an extra $20 SPCX.

Registration Process

Registration and KYC process:

  1. Click the BIT exclusive sign-up link
  2. Enter your email address or mobile number
  3. Set your login password
  4. Complete email verification
  5. Download the app
  6. Submit your KYC identity verification

Approval usually takes just a few minutes. BIT currently supports direct KYC with a Chinese ID card. However, you cannot register using U.S. or Canadian identity documents.

I tested it myself, and the approximate time and required materials were as follows:

  • Basic verification: Fill in your information, take photos of your ID card, and complete facial recognition. This can be approved almost instantly.
  • Advanced verification: Proof of address is required, but if you verify with your ID card, you can pass by directly uploading the address side of the ID card. It took about 10-plus minutes in my case (official estimate: 1–4 days).
  • U.S. stock verification: You need to provide a bit more information, such as trading purpose and source of funds, and again take photos of your ID card and complete facial recognition. It took about 1–2 hours in my case (official estimate: 1–4 days).

Download the App

The app can be downloaded and used normally on domestic Chinese internet connections, with no VPN required.

Consultation Group

If you have any questions, you can also join our consultation group.

If the QR code no longer works, you can contact the US Credit Cards 101 assistant and ask uscards101 to add you.

BIT: Invest Directly in Real U.S. Stocks With USDT

When many people first come across BIT (formerly Matrixport), they assume it is just a crypto yield platform. In fact, BIT officially launched U.S. stock trading in 2026, making it one of the few platforms in the industry to connect digital assets and U.S. stock investing. Users do not need a traditional overseas bank account. As long as they hold USDT or USDC, they can directly invest in real U.S. stocks.

Supports Direct Deposits in USDT / USDC

Opening an account with a traditional broker usually requires:

  • An overseas bank account
  • An international wire transfer
  • A longer wait for funds to arrive

BIT supports:

  • USDT deposits
  • USDC deposits
  • USD bank wire deposits

Funds can arrive in as little as seconds, and the platform is available 24/7. For users who already hold digital assets, this makes it possible to invest in U.S. stocks without additional FX conversion or cross-border bank transfers.

Trade Real U.S. Stocks, Not CFDs

This is one of the most noteworthy aspects of BIT. Many so-called “on-chain U.S. stocks” or “U.S. stock trading platforms” on the market actually offer:

  • Contracts for difference (CFDs)
  • Price-tracking products
  • Tokenized stocks

In those cases, investors only get exposure to price movements and do not truly own the underlying shares. BIT, by contrast, uses a direct-to-licensed-broker model, so users are buying actual U.S. stock assets rather than price-tracking products. Investors can receive the corresponding shareholder rights, including dividends and voting rights.

Supports More Than 1,000 U.S. Stocks and ETFs

BIT is connected to the U.S. market’s NBBO (National Best Bid and Offer) quote system.

It currently supports:

  • Nasdaq-listed companies
  • NYSE-listed companies
  • Mainstream ETFs
  • Popular AI-related stocks
  • Growth-oriented tech stocks

This covers more than 1,000 U.S. stocks and ETF products. Common names include:

  • NVIDIA (NVDA)
  • Microsoft (MSFT)
  • Apple (AAPL)
  • Tesla (TSLA)
  • Amazon (AMZN)
  • Meta (META)
  • QQQ ETF
  • SPY ETF

Safety

According to information disclosed by BIT, its U.S. stock business uses a compliant structure commonly adopted in the international brokerage industry.

BIT does not custody customer stocks itself

This is very important. Many people assume: “If I buy U.S. stocks on BIT, are those shares held by BIT?” In fact, no. BIT itself is primarily responsible for:

  • Account opening
  • The trading interface
  • Customer service
  • Account management

The U.S. stock assets and cash assets purchased by users are actually held within the system of licensed U.S. clearing institutions and broker-dealers.

Partner institutions are regulated by the U.S. SEC and FINRA

According to official disclosures, current partner institutions include:

  • Clear Street
  • RQD Clearing
  • Atomic Vault Securities (AVS)

These institutions are all:

  • Registered with the U.S. SEC
  • Regulated by FINRA
  • Licensed participants in the U.S. securities market

Relevant information can be searched publicly through the U.S. FINRA BrokerCheck system.

What is the Omnibus IB structure?

BIT’s U.S. stock business uses the Omnibus Introducing Broker model, which is common among international brokers. In simple terms, users see their own individual accounts. But at the U.S. clearing-institution level, all customer assets are aggregated into one large master account for clearing and custody. This model is widely used by:

  • International online brokers
  • Cross-border securities platforms
  • Global brokerages

It does not mean customer assets are being commingled for operational use.

Customer assets are segregated from platform assets

According to the official explanation, under the Omnibus model, customer assets and company assets must be managed separately. BIT is responsible for maintaining user-level:

  • Cash records
  • Position records
  • Trade records

Users can check their assets in the app at any time. In other words, the platform’s operating funds are not directly mixed with customers’ securities assets.

Why Are Crypto Users Starting to Buy U.S. Stocks?

Over the past two years, one very clear trend has emerged:

Many crypto users are now allocating to both:

  • BTC
  • ETH
  • AI-related U.S. stocks
  • Nasdaq ETFs

The reason is simple: U.S. technology companies remain among the most profitable and innovative businesses in the world. For long-term investors, holding both digital assets and U.S. equities can provide better global asset allocation.

BIT is tapping into exactly this demand by connecting the crypto world and the traditional securities market within a single account system.

Fees and Comparison

Summary

If you already use Binance, Bybit, or other crypto platforms, BIT’s biggest value is not just its yield products.

Its standout features are:

  • Buy U.S. stocks directly with USDT
  • Real stock ownership, with U.S. stock licensing
  • Support for dividends and shareholder rights
  • More than 1000 U.S. stocks and ETFs
  • Account opening completed in minutes

For investors who hold BTC, ETH, and stablecoins for the long term, BIT offers a very convenient way to build a globally diversified portfolio. In addition, it currently supports direct KYC account opening with an ID card, which is quite convenient. One point worth noting is that its main entity is in Bhutan, and Bhutan does not have diplomatic relations with China and does not participate in China’s CRS.

If you are interested in other U.S. stock investing guides and other platforms, see:

Stock Investing Basics

Below are a few commonly used U.S. stock brokerages, along with their signup bonuses.

Overview Signup Bonus Quick Take
Moomoo $1,030 in stock + 8.1% APY Professional platform, no commissions, and free Level 2 market data. Good for both beginners and advanced traders. Chinese-language customer service available. Requires SSN.
TradeUp 50 shares of NVDA + chance to win 5 more shares + 4% for three months No commissions, supports both U.S. and Hong Kong stocks, and offers WebTrading. Chinese-language customer service available. Available globally.
Webull $100 Amazon + 12 fractional shares + 1 month of Premium membership No commissions, with frequent deposit bonuses that give free stock.
BBAE Up to $650 bonus 0 commission, 0 fees; Chinese-friendly, and you can open an account without an SSN/ITIN.
Robinhood 1 free stock No commissions, with an interest-bearing cash account option. Simple interface that works well for beginners.
Interactive Brokers Up to $1,000 Broad market access. Professional, comprehensive trading platform with high interest on cash balances.
TradeStation $250 Professional trading platform with a full set of supporting tools.
Schwab Up to $1,000 Professional and easy to use. Global ATM fee rebates and $0 stock commissions.
Fidelity Brokerage Account Sign-up link Well-established brokerage with no trading fees, plus TurboTax included.
BIT (formerly Matrixport) $400 in stock Supports direct crypto deposits and withdrawals, does not participate in China CRS, and allows registration directly with an ID card.
SoFi Invest $75 for opening an account No commissions and supports Stock Bits.
WealthFront $5,000 managed free Automated investing and wealth management.
M1 Finance $10 for depositing funds No commissions, with automatic investing based on your portfolio allocation.

If you do not have an SSN/ITIN but still want to trade U.S. stocks, take a look at the brokerages/platforms below. All of them allow registration using a full set of Chinese documents, and you can sign up with just an ID card or passport. None of them participate in China CRS.

  • BBAE: Chinese-friendly; you can open an account without an SSN/ITIN.
  • BIT (formerly Matrixport): You can open an account with just an ID card, and approval can be completed within a few hours.
  • Bitget: Identity verification can be completed with an ID card/Chinese passport.

Sign-Up Link

If you register through our exclusive link now, you can stack multiple rewards.