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

As the scale of U.S. stock business continues to grow, BIT (formerly Matrixport) has added Clear Street, a U.S. institutional-level clearing service provider, as a partner, marking a higher standard development stage in BIT's underlying infrastructure construction for U.S. stocks.

BIT's U.S. stock business adopts an Omnibus IB structure, with all orders cleared and custody handled by licensed clearing institutions 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 about 550 million shares and approximately $28.4 billion in nominal trading volume daily, with the capacity to serve large institutional clients for clearing and execution. For users, this means that there is stronger institutional-level infrastructure support behind the transactions, 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-institution parallel clearing architecture can effectively diversify platform operational risks and improve trading stability and continuity.

BIT stated that in selecting clearing partners, the platform will continue to evaluate core indicators such as asset scale, net capital level, and risk control capabilities to match the global user asset allocation needs.