Matrixport rebranded to BIT and acquired it

If I remember correctly, they just launched in February, not long ago, now only over 2 months
Downloaded BIT to see what’s different from the exchange
Mainly because BIT supports transferring stocks to their app, claiming to use a US stock broker directly
Mainland users can also open accounts, no overseas address proof needed, no need to open a Hong Kong card
This seems different from the US stocks on the exchange and some project-side US stocks
Generally, exchanges map on-chain US stocks based on Robinhood’s provided US stocks
Most project teams also do something similar, finding a broker with lower fees for on-chain US stock mapping
BIT holds a license from Bhutan and directly connects to a licensed US broker, so there’s no asset mapping, just traditional real US stocks
And BIT’s fees are also lower than usual
Trading cost: 0.005 USD per share + 0.003 USD trading fee per share
If you’re interested in US stocks, you can try on several platforms to see which one suits you best, as compliant brokers’ assets can indeed make people feel more secure @BITstocks_CN