Express

Bitmain Spin-Off Matrixport Seeks $300M Valuation In Latest Funding Round

Janelle Fox

Summary: Matrixport, the cryptocurrency trading solutions provider that spun off from Bitmain, is looking to hit a $300 Million valuation in its latest funding round. The Singapore-based cryptocurrency startup was founded by Bitmain CEO Jihan Wu in February 2019. Matrixport is looking to raise $40 million in their latest funding round to reach a post-investment valuation ...

Matrixport, the cryptocurrency trading solutions provider that spun off from Bitmain, is looking to hit a $300 Million valuation in its latest funding round.

The Singapore-based cryptocurrency startup was founded by Bitmain CEO Jihan Wu in February 2019. Matrixport is looking to raise $40 million in their latest funding round to reach a post-investment valuation of $300 million, according to Bloomberg. If the Matrixport post-money valuation hits $300 million, it would be nearly triple the $114 million valuation the young company reached with its previous funding.

By Janelle Fox

Last Update:

Tags: ,,,
Link: Bitmain Spin-Off Matrixport Seeks $300M Valuation In Latest Funding Round   [Copy]
Next:

Related Articles

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 11 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 3 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 4 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 6 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 7 days ago

    • You need to login to comment.