Advertisement
Singapore markets open in 7 hours 24 minutes
  • Straits Times Index

    3,331.70
    +5.42 (+0.16%)
     
  • S&P 500

    5,465.86
    -3.44 (-0.06%)
     
  • Dow

    39,147.44
    +35.28 (+0.09%)
     
  • Nasdaq

    17,750.10
    +32.45 (+0.18%)
     
  • Bitcoin USD

    61,228.09
    -409.46 (-0.66%)
     
  • CMC Crypto 200

    1,263.30
    -20.48 (-1.59%)
     
  • FTSE 100

    8,225.33
    -22.46 (-0.27%)
     
  • Gold

    2,312.80
    -18.00 (-0.77%)
     
  • Crude Oil

    81.36
    +0.53 (+0.66%)
     
  • 10-Yr Bond

    4.3020
    +0.0640 (+1.51%)
     
  • Nikkei

    39,667.07
    +493.92 (+1.26%)
     
  • Hang Seng

    18,089.93
    +17.03 (+0.09%)
     
  • FTSE Bursa Malaysia

    1,590.95
    +5.57 (+0.35%)
     
  • Jakarta Composite Index

    6,905.64
    +22.94 (+0.33%)
     
  • PSE Index

    6,313.11
    +14.06 (+0.22%)
     

Bitmain Spin-Off Matrixport Gets $100M in Series C Funding, Valuation Over $1B

Matrixport, a crypto services provider, has closed a $100 million Series C funding round with a valuation of over $1 billion.

  • The round was led by partners of DST Global, C Ventures and K3 Ventures, according to a press release on Monday.

  • Qiming Venture Partners, CE Innovation Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures and A&T Capital also participated.

  • Funding will go toward furthering research and development for its product offerings and security while enhancing the platform’s user experience, the firm said.

  • To date, the Singapore-based start-up has raised $129 million.

  • As of March 2021, the company said it holds over $10 billion in assets under management and has recorded $5 billion in monthly transactions across all products.

Related Stories