BlockBeats News, December 27 — Cryptocurrency trading platform Bit[.]com announced that it will gradually reduce its existing operations and simultaneously launch the “User Asset Migration Plan.” Bit[.]com will continuously publish clear and comprehensive user guidance through official announcements, emails, and in-platform messages to assist users in smoothly completing asset management and migration within a specified time window. The specific schedule, operational procedures, and precautions will be based on subsequent announcements and guidance. Public information shows that Bit[.]com was launched in 2020 and is a subsidiary/affiliate of the Singapore-based crypto financial services platform Matrixport, which was founded by Wu Jihan after leaving Bitmain in 2019 (where he served as Chairman).