The platform, formerly Matrixport, said eligible margin-account users can short designated U.S. stocks, with margin ratios, borrow rates and availability updated dynamically.
BIT, formerly Matrixport, said on July 13 that it officially launched U.S. stock lending and short-selling, expanding its platform to let eligible margin-account users short designated U.S. stocks. The company said key trading conditions, including margin ratios, stock-borrow rates and share availability, will be updated dynamically to reflect market conditions. It also introduced a limited-time zero-fee promotion, subject to terms. Short-selling involves borrowing shares to sell them in anticipation of buying them back later at a lower price.