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Bitmain co-founder launches new cryptocurrency financial services startup

Wu Jihan, the co-founder of Bitmain Technologies, which produces hardware specialized for use in mining Bitcoins, has launched Matrixport, a one-stop platform for over-the-counter trading, lending and custody for digital assets.

Matrixport aims to challenge the likes of BitGo Inc. and Genesis Global Trading Inc. in the U.S., as companies move to develop financial services for professional crypto-coin traders and investors. It’s one of a crop of fledgling firms aiming to ride an upswell in Bitcoin interest: its price has tripled so far this year and is now trading at around $12,000.

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otc, digital assets, bitcoin