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Matrixport Crypto Lending Review

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Matrixport is Asia’s largest and fastest-growing crypto bank. Matrixport, a digital asset bank founded by Jihan Wu, a former co-founder of Bitmain, was launched in February 2019 as an all-in-one solution for crypto investing.

Matrixport currently manages over $10 billion in assets and prides itself on the protection provided by its institutional-grade custody subsidiary, Cactus Custody.

Matrixport’s major services include a crypto exchange and a savings account with up to 30% annual percentage yield. Users can buy cryptocurrency with their bank account or credit card through Matrixport. Crypto loans, as well as derivative trading and other items, are available on the site.

Matrixport Pros & Cons

Fixed Income Investments at Matrixport

These are Matrixport investment options that allow customers to lock their cryptocurrencies (such as BTC or ETH) for a set period of time in exchange for a guaranteed return at maturity.

Matrixport offers a variety of fixed income investment options with terms ranging from one to 240 days. Investors can invest in USDC or USDT stable coins, as well as other supported currencies such as Bitcoin and Ethereum.

              

Matrixport Supported Cryptocurrencies

Now, Matrixport supports the following cryptocurrencies on its platform:

  

What are Matrixport Products?

Is Matrixport a secure site?

Matrixport provides a number of security safeguards for its users’ cash.

Matrixport’s cutting-edge Cactus Custody security infrastructure is available across all of its offerings. Users’ assets are always kept offline with wallet addresses whose private key plain text is hidden from staff. Their custody system also employs multi-signature methods in conjunction with heterogeneous data centers.

The Matrixport mobile app also includes required two-factor authentication and high-level encryption.

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Conclusion:

Matrixport claims to be one of the most trusted centralized crypto banking systems in the world, with a suite of solutions aimed at making it as simple as possible for crypto enthusiasts to invest and obtain funding.

Matrixport has achieved significant success in the short time it has been operational, with more than $700 million in outstanding loans, another $10 billion in assets under custody, and a $5 billion trading volume.

The fact that Matrixport’s spot market exchange service has no costs is one of the company’s primary selling features. Because of its collaboration with bit.com, Matrixport also enables derivatives trading.

Users of Matrixport can also take advantage of the platform’s OTC services, which can handle up to $50 million in trades each day. Matrixport also provides other valuable services, like as quick approval of stable coin loans with crypto collateral. Savings in BTC, ETH, USDT, and USDC earn significant returns on the site.

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