Matrixport Says Bitcoin Is Headed For $56,000, Here’s The Driver
Crypto financial services platform Matrixport has predicted that an approval of a spot Bitcoin ETF by the US Securities and Exchange Commission (SEC) could push the price of Bitcoin between $42,000 and $56,000 per unit. BTC, the world’s largest cryptocurrency, has experienced notable increases in value throughout the current week, with the aim of surpassing the significant threshold of $30,000. The cryptocurrency has been influenced by the operations of a spot Bitcoin Exchange Traded Fund (ETF) as investors continue to await approval to onboard institutional and mainstream exposure....
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Matrixport, the digital currency financial services company co-founded by the former Bitmain CEO Jihan Wu, has revealed the company has raised $100 million in a Series C financing round. The funding has propelled Matrixport’s valuation to unicorn status as the firm now has a valuation of over $1 billion. Matrixport Now Valued at $1 Billion, Company Raises $100 Million in Series C On Sunday, the company Matrixport, a financial services firm that specializes in cryptocurrency solutions, management, and custodial services, revealed the company has raised $100 million from a slew of....
The financial asset services platform Matrixport has introduced a variety of new products since the firm raised $100 million in a Series C financing round during the first week of August. Following the launch of the company’s “ETH2.0 Staking Earn” earning service, Matrixport has introduced another service product called “BTC-U Range Sniper” which allows traders to earn high returns when bitcoin values move within a specified price range. Matrixport Launches Ether Staking and Range Sniper Bitcoin Product The Singapore-based Matrixport has been unveiling a....
Recently, the firm announced its collaboration with Cabital, a reputable and all-compassing fiat on-and-off ramp solution. The partnership created an integration of Cabital Connect on the Matrixport platform. Many people are ready to dive into crypto, but some factors still limit them. One of the factors is the inability to use fiat currencies besides the […]
Seven months ago, during the first week of May, the digital currency entrepreneur Jihan Wu said at a conference that he expects the crypto industry to surpass the internet and the following August, Wu’s firm Matrixport raised $100 million and joined the crypto industry’s growing list of unicorns. This week an interview with Wu was published and the billionaire said that he believes crypto and blockchain space will grow to tens of trillions of dollars in value.
Jihan Wu: ‘Crypto and Blockchain to Grow to Tens of Trillions of Dollars’ in the Future
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Matrixport, a part of Jihan Wu's Bitmain exit strategy, is now valued at over $1 billion in just 2 years. Jihan Wu became a prominent name in crypto after co-founding Bitmain Technologies in 2013 and taking it public by 2018. His latest venture, Matrixport, raised new capital to stand at a unicorn-level of $1 billion in valuation. With the participation of large venture capital firms including Tiger Global, DST Global, C Ventures and K3 Ventures, the Series C funding of Matrixport raised over $100 million. As a crypto-financial services company, Matrixport tries to implement a Wall....