BIT adds Clear Street as a clearing partner to strengthen the US stock infrastructure layout

Deep Tide TechFlow News, June 11 — As the US stock market business continues to grow, BIT (formerly Matrixport) has added Clear Street, a U.S. institutional-level clearing service provider, as a partner, marking a new higher standard in BIT's infrastructure development for U.S. equities.

BIT’s U.S. stock business adopts an Omnibus IB architecture, with all orders cleared and custody handled by licensed clearing institutions based in the United States. Currently, BIT has established partnerships with three licensed U.S. institutions: Clear Street, RQD Clearing, and Atomic Vaults Securities (AVS).

Among them, Clear Street relies on approximately $1 billion in financing support and a strong capital foundation, processing an average of about 550 million shares and approximately $28.4 billion in nominal trading volume daily, demonstrating the capacity to serve large institutional clients with clearing and execution services. For users, this means that behind the transactions there is stronger institutional infrastructure support, resulting in a more stable system, less prone to interruptions or delays during extreme market conditions, and also helping to provide more sufficient liquidity support and asset security.

Compared to the industry’s common single clearing partner model, multi-institutional parallel clearing architecture can effectively diversify platform operational risks and enhance trading stability and continuity.

BIT states that in selecting clearing partners, the platform will continue to evaluate core indicators such as asset size, net capital levels, and risk control capabilities to meet the asset allocation needs of global users.