Asias largest crypto neo-bank Matrixport hits $10B in digital assets

By Anjali Sriniwasan6 days ago

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Matrixport, a leading digital asset neo-bank, announced today that it had passed $10 billion in assets under custody (AUC).

Matrixport was established in February 2019 by former Bitmain co-founders Jihan Wu and Yuesheng Ge and senior executives from top derivatives exchanges and investment banks.

As of today, the total digital assets under custody have exceeded $10 billion, which includes $2 billion AUM on Matrixport’s platform and more than $8 billion of clients’ assets safely kept with Cactus Custody (Matrixports institutional custody brand). The scale makes Matrixport the largest cryptocurrency financial platform in Asia.

Matrixport is a category creator and the largest crypto-bank in Asia. It provides one-stop crypto-financial services such as institutional custody, spot, and leveraged trading, asset management, and lending for retail and institutions.

It also launched bit.com in August 2020, a high-performance cryptocurrency derivatives exchange. The accumulated trading volume on bit.com has exceeded US$14 billion, making it the second-largest cryptocurrency Options market in the world.

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