Singaporean Crypto Credit Platform Aims To Raise $100M In Funds

Matrixport Technologies, one of the largest crypto lending platforms in Asia, aims to raise $100 million in investment.

Bloomberg’s 25 November According to the news published on , sources close to the subject stated that Matrixport 100 million He stated that he is aiming to receive an investment of $. Sources, the company’s current 50 million He stated that he had received a $ investment commitment, but that he was aiming for more.

last year valuation 1 billion from dollars 1.5 billion dollars Head of Public Relations of the issuing company Ross Gan, speculation by confirming the fundraising plan. probability of truth increased. Gan, Matrixport, financial services provider with key stakeholders as part of the normal course of business, including investors willing to realize the company’s vision. in communication stated that.

The founder of the company, Jihan Wu, is also one of the largest mining companies in the world. Bitmain’s He is known as the founder. Jihan for Bitcoin mining companies in distress last September 250 million He had set up a US dollar fund.

Experts in the crypto industry, which has a pessimistic atmosphere after the FTX bankruptcy of Matrixport continuing its progress suggested. Company Not affected by FTX’s bankruptcy however, he said he suffered losses due to his customers’ exposure to FTX-connected products.

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