Singapore-based crypto startup, Matrixport launched by the former CEO of Bitmain, Jihan Wu, will expand its services from Asia to Europe through its new Zurich office.
On Nov. 26, the swiss publication, swissinfo.ch reported that Matrixport will begin offering its trading, lending and custody services registered under the name of Chaintech in Switzerland.
The CEO of Matrixport in Switzerland, Hui Wang, says that Matrixport’s new office in Zurich will not act to simply refer clients to Asia, but will provide full service to European clients.
The report also notes that Bitmain’s Swiss subsidiary, Bitmain Switzerland is set to shut down. The branch was launched in late 2018 to boost the company’s global reach alongside other operations in:
- Hong Kong
- Tel Aviv
Bitmain’s Global Reach
In September, Bitmain announced that it will launch the World Digital Mining Map, a platform to connect global crypto miners with farm owners.
During late October, Bitmain and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to boost Bitmain’s international expansion that will soon expand to 50MW of processing power and then extend the operation’s capacity to more than 300MW.
Source: swissinfo.ch | cointelegraph
Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.
Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.
We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.