{"id":515783,"date":"2022-11-25T13:31:54","date_gmt":"2022-11-25T10:31:54","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-lender-matrixport-seeks-100m-funding-despite-lending-crisis\/"},"modified":"2022-11-25T13:31:54","modified_gmt":"2022-11-25T10:31:54","slug":"crypto-lender-matrixport-seeks-100m-funding-despite-lending-crisis","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-lender-matrixport-seeks-100m-funding-despite-lending-crisis\/","title":{"rendered":"# Crypto lender Matrixport seeks $100M funding despite lending crisis"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a389495220cb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a389495220cb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-lender-matrixport-seeks-100m-funding-despite-lending-crisis\/#%E2%80%9D_Crypto_lender_Matrixport_seeks_100M_funding_despite_lending_crisis_%E2%80%9C\" >&#8221; Crypto lender Matrixport seeks $100M funding despite lending crisis &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Crypto_lender_Matrixport_seeks_100M_funding_despite_lending_crisis_%E2%80%9C\"><\/span>&#8221; Crypto lender Matrixport seeks $100M funding despite lending crisis &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYmVjZGE3OWYtZTA5Mi00NTg4LWFlMTgtZDU3OWZjMzRhYzQ5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5129e2ea>Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis.<\/p>\n<p>Lead investors have already committed $50 million for Matrixport\u2019s new funding round at a $1.5 billion valuation, Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-25\/crypto-lender-seeks-1-5-billion-funding-value-despite-ftx-chaos\">reported<\/a> on Nov. 25. The deal has yet to be finalized as Matrixport is still looking for investors for the other half of the round.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We&#8217;re excited and look forward to engaging with participants, on similar terms, in the other half of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/funding?src=hash&amp;ref_src=twsrc%5Etfw\">#funding<\/a> round.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>reciate the trust and confidence our investors continue have in Team <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Matrixport?src=hash&amp;ref_src=twsrc%5Etfw\">#Matrixport<\/a>.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/business?ref_src=twsrc%5Etfw\">@business<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/DqQhsYucUy\">https:\/\/t.co\/DqQhsYucUy<\/a><\/p>\n<p>\u2014 Matrixport (@realMatrixport) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/realMatrixport\/status\/1596022478433681408?ref_src=twsrc%5Etfw\">November 25, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>According to the company, the new round is part of Matrixport\u2019s usual funding agenda. \u201cMatrixport routinely engages with key stakeholders as part of its normal course of business, including investors keen to participate and enable our vision as a digital assets financial services provider,\u201d the firm\u2019s public relations head Ross Gan said.<\/p>\n<p>Matrixport\u2019s new funding comes a year after the firm conducted a $100 million <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> C funding round conducted in August 2021, becoming a unicorn with a $1 billion valuation.<\/p>\n<p>The fundraising was led by major global venture capital firms, including DST Global, C Ventures and K3 Ventures. Other contributors in the round included major industry investors like Tiger Global, Qiming Venture Partners, CE Innovation Capital and A&amp;T Capital, alongside existing investors like Polychain, Dragonfly Capital, Lightspeed, IDG Capital and others.<\/p>\n<p>According to Bloomberg data, Matrixport handles $5 billion of trades each month and has tens of billions of dollars of assets under management and custody. The firm reportedly employs close to 300 people.<\/p>\n<p>Established in February 2019, Matrixport is one of the largest cryptocurrency lenders in Asia, offering a wide range of crypto services, including trading and custody. The company also offers cryptocurrency and stablecoin loans, as well as zero-cost loans with a 0% interest rate and liquidation protection.<\/p>\n<p>Matrixport is one of the few crypto lending platforms that appear to have not been affected by the ongoing crisis of cryptocurrency lending. As previously reported by Cointelegraph, some of the biggest crypto lending platforms including Celsius and BlockFi have faced major issues this year due to the ongoing bear market and the associated crisis of cryptocurrency lending.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Crypto lender Hodlnaut reportedly faces police investigation in Singapore<\/em><\/strong><\/p>\n<p>Wu\u2019s crypto company also said that it wasn\u2019t too much affected by the ongoing FTX contagion, reporting a few issues due to the crash of Sam Bankman-Fried\u2019s crypto exchange. On Nov. 11, Matrixport <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/realMatrixport\/status\/1591064322671022081?s=20&amp;t=taFfSq0rkjExSNEaRMqPnw\">reported<\/a> that 79 of its users suffered losses in the aftermath of FTX issues, adding that the affected products included the BTC Fixed Income Products and Victoria BTC Fund Products.<\/p>\n<p>\u201cWe would need to emphasize that Matrixport\u2019s products are subject to strict segregation from one another so that a single impacted product will not affect the other products as the underlying asset and fund flow are segregated,\u201d the firm stated.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-lender-matrixport-seeks-100m-funding-despite-lending-crisis\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Crypto lender Matrixport seeks $100M funding despite lending crisis &#8220; Matrixport, the cryptocurrency firm founded by Bitmain co-founder Wu Jihan, is in the process of raising $100 million in funding despite the ongoing crypto market crisis. Lead investors have already committed $50 million for Matrixport\u2019s new funding round at a $1.5 billion valuation, Bloomberg&#8230;<\/p>\n","protected":false},"author":1,"featured_media":515784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYmVjZGE3OWYtZTA5Mi00NTg4LWFlMTgtZDU3OWZjMzRhYzQ5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,80944,74863,75719,90942,77595,117,73711,5012],"class_list":["post-515783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitmain","tag-cryptocurrencies","tag-funding","tag-jihan-wu","tag-lending","tag-business","tag-investments","tag-singapore"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/515783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=515783"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/515783\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/515784"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=515783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=515783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=515783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}