BIT is a centralized cryptocurrency platform established in 2020 and registered in Seychelles. As a spinoff from Matrixport, a crypto financial services company, BIT specializes in crypto options and perpetual trading, offering a range of USDT-margined trading pairs. The platform offers a range of diverse services including crypto options, perpetual contracts, spot trading, and block trades, providing users with a robust suite of tools for crypto derivatives trading.