Former Bitmain CEO Jihan Wu’s new startup Matrixport officially launched on Monday, July 8th. Matrixport is a crypto financial services firm headquartered in Singapore to avoid China’s cryptocurrencies ban. The firm will provide an OTC desk, custody services, and lending services. Wu is a major shareholder in the firm. The CEO of Matrixport, Ge Yuesheng (also a co-founder in Bitmain), noted that the firm will be closely tied to Bitmain.
Source: Bloomberg
