TechFlow News, June 11: As BIT’s (formerly Matrixport) U.S. equities business continues to expand, BIT has added Clear Street—a U.S.-based institutional clearing service provider—as a new partner. This marks BIT’s advancement into a higher-standard phase of infrastructure development for U.S. equities.
BIT’s U.S. equities business adopts an omnibus introducing broker (IB) architecture, with all orders cleared and custodied by licensed U.S. clearing institutions operating domestically. Currently, BIT has established partnerships with three U.S.-licensed institutions: Clear Street, RQD Clearing, and Atomic Vaults Securities (AVS).
Clear Street—backed by approximately $1 billion in funding and supported by robust capital strength—processes an average of 550 million shares and roughly $28.4 billion in notional trading volume daily, demonstrating its capacity to serve large institutional clients with clearing and execution services. For users, this translates into stronger institutional-grade infrastructure underpinning their trades, resulting in greater system stability and reduced risk of interruption or latency during extreme market conditions, while also enabling enhanced liquidity provision and asset security.
Compared with the industry’s common practice of relying on a single clearing partner, BIT’s multi-institutional parallel clearing architecture effectively diversifies platform operational risk and enhances trade stability and continuity.
BIT stated that, when selecting clearing partners, it will continue evaluating core metrics—including asset scale, net capital levels, and risk management capabilities—to align with global users’ asset allocation needs.
