As the scale of its U.S. stock business continues to grow, BIT (formerly Matrixport) has added Clear Street, a U.S. institutional clearing service provider, as a partner. This marks a significant advancement in BIT's development of foundational infrastructure for the U.S. stock market. BIT's U.S. stock operations utilize an Omnibus IB structure, with all orders cleared and custodied by licensed clearing institutions based in the U.S. Currently, BIT has established partnerships with three licensed U.S. institutions: Clear Street, RQD Clearing, and Atomic Vaults Securities (AVS). Clear Street, supported by approximately $1 billion in financing and a strong capital foundation, processes an average of about 550 million shares and approximately $28.4 billion in nominal trading volume daily, demonstrating its capability to serve large institutional clients with clearing and execution services. For users, this means stronger institutional-level infrastructure support behind transactions, resulting in a more stable system that is less prone to interruptions or delays during extreme market conditions. It also helps provide more adequate liquidity support and asset security. Compared to the industry standard of relying on a single clearing partner, a multi-institutional clearing structure effectively diversifies operational risks and enhances the stability and continuity of trading. BIT stated that in selecting clearing partners, the platform will continue to assess core indicators such as asset scale, net capital levels, and risk control capabilities to meet the asset allocation needs of global users.
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