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Crypto lender Matrixport seeks $100M funding despite lending crisis

Coin Telegraph LogoCoin Telegraph2d ago

Crypto lender Matrixport seeks $100M funding despite lending crisis - Coin Telegraph

Quick Summary:

Bitmain-backed crypto lender Matrixport is the other half of a new funding round targeting a $100 million raise.

The deal has yet to be finalized as Matrixport is still looking for investors for the other half of the round.

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.


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Article Details

Author / Journalist: Cointelegraph By Helen Partz

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 10:31:54 (2 days ago)

News Timezone: GMT -5:00

Ranking: #1651 (out of 2159 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 493 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 1929063

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About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 26 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

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The story "Crypto lender Matrixport seeks $100M funding despite lending crisis" has 493 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Which news outlet covered this story?

The story "Crypto lender Matrixport seeks $100M funding despite lending crisis" was covered 2 days ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 26 news stories per day.

It's most recent story was published 10 hours ago.

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  • News ID: #1929063
  • URL: https://beamstart.com/news/crypto-lender-matrixport-seeks-100m-16693734855714

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