Report: Crypto Financial Services Firm Matrixport Seeks $100 Million in Funding

Quick Summary:

Crypto firm Matrixport Technologies is reportedly seeking $100 million in funding, according to people familiar with the matter.

Sources detailed that the company already secured commitments from investors for roughly $50 million, which would give Matrixport a post-valuation of $1.5 billion.

The Singapore outfit was founded in 2019 by billionaire and former Bitmain CEO Jihan Wu.

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Article Details

Author / Journalist: Jamie Redman

Category: Crypto

Markets: JapanSingapore

Topics: News Ross Gan Matrixport capital raise $1.5 billion Jihan Wu Matrixport Investors Series C Matrixport Market Cap Valuations Capital raises 100 million Jihan Wu $50 Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-11-25 @ 19:30:57 (2 months ago)

News Timezone: GMT +8:00

Ranking: #160 (out of 1900 stories this day)

News Source URL: news.bitcoin.com

Language: English

Article Length: 285 words

Reading Time: 2 minutes read

Sentences: 23 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoin News

News ID: 1936640

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 6 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 10 hours ago

Coverage Areas: Japan

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Publication Timezone: GMT +8:00

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Publisher ID: #62

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