# Matrixport

ALL From Matrixport

Matrixport partners with Copper to enhance prime brokerage offerings for institutional clients

Crypto service provider Matrixport is teaming up with crypto custodian Copper to improve its clients' access to prime brokerage offerings. The partnership will involve Matrixport integrating with Copper's ClearLoop to provide institutional clients with off-exchange settlement. Copper's ClearLoop network allows investors to hold onto assets until just before a trade is executed by connecting multiple exchanges in one secure trading loop. This ensures clients are protected from exchange counterparty risks and promotes capital efficiency, according to the press release. The collaboration demonstrates the companies' shared commitment to building a more secure, transparent, and accessible financial market infrastructure in the digital asset industry.

Bitcoin Could Rally 20% to Around $36K: Matrixport

According to analysts at Matrixport, Bitcoin could rally as much as 20% to reach around $36,000 USD. The analysts cite several technical indicators, including a bullish divergence in the Relative Strength Index (RSI) and a possible reversal in the Moving Average Convergence Divergence (MACD) indicator, as evidence of the potential rally. However, the analysts also caution that Bitcoin's price could face resistance at around $35,000 USD, which could limit the size of the potential rally.

Bitcoin Bears May Still Be a Bit Early, Though Caution Urged: Matrixport

Matrixport, a crypto exchange and lending platform, said it has been bullish on digital assets since mid-December, but signals from the U.S. economy are now forcing it to be more cautious.

Stablecoins not the Target in BUSD Crackdown: Matrixport Head of Research

Crypto financial services Matrixport's head of research believes the recent scrutiny of Paxos and its Binance USD BUSD token is not a direct attack on stablecoins themselves. In a Feb. 14 analysis, Matrixport's Markus Thielen suggested that Paxos Trust Company, the issuer of the Binance USD BUSD, may not have been stringent enough with its oversight of the token. He added that the issue "does not appear to be around stablecoins" in itself. (Cointelegraph)

Bitcoin Price Could Reach $45,000 by Christmas 2023: Matrixport

U.S. institutions have probably been behind January’s rally in bitcoin (BTC), which saw the cryptocurrency gain more than 38%, and an outperformance this early in the year tends to be bullish for the token’s price, crypto services provider Matrixport said in a research report Wednesday.

Institutional Bitcoin Buying Is A Positive Sign, Suggests Matrixport

Recent data from Matrixport, a digital asset financial services platform, confirm that institutional investors have not abandoned crypto, especially Bitcoin. According to data, institutional investors now account for 85% of Bitcoin purchasing.

Matrixport Joins Growing List of Crypto and Blockchain Companies Letting Employees Go

The crypto firm Matrixport, led by former Bitmain CEO Jihan Wu, is laying off 10% of the company’s staff, according to reports published on Friday. Matrixport’s COO, Cynthia Wu, cited a “shift in the regulatory climate” and “industry-wide capitulations” as reasons for the layoffs.

Asian Crypto Lender Matrixport Looks To Raise $100M Despite Bear Market

Singapore-based cryptocurrency lender Matrixport Technologies Pte is seeking fresh funding despite the second wave of the crypto winter that stemmed from the fall of Sam Bankman-Fried’s crypto empire FTX.

Matrixport Targets New $100M Funding Round at $1.5B Valuation

If successful, the new funding would value the Singapore-based company at $1.5 billion, an increase from the valuation of over $1 billion achieved during its Series C funding round in August 2021.

Jihan Wu's Crypto Lender Matrixport Looks to Raise $100M at $1.5B Valuation

Crypto lending firm Matrixport, led by Jihan Wu, is looking to raise $100 million at a $1.5 billion valuation.