Matrixport
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#Matrixport , a leading crypto financial services hub, has completed the acquisition of Crypto Finance (Asset Management) AG (CFAM), a Swiss-based crypto asset manager previously owned by #DeutscheBörseGroup . The acquisition, paid entirely in cash, has resulted in the renaming of CFAM to Matrixport Asset Management AG (MAM). MAM specializes in institutional-grade crypto investment solutions and manages Switzerland's first FINMA-approved crypto fund.
The acquisition strengthens Matrixportâs position in Europe, expanding its regulatory footprint and service offerings. CFAMâs former head of asset management, Stefan Schwitter, has been appointed CEO of MAM. The deal has received all necessary regulatory approvals from FINMA, reaffirming Matrixport's commitment to regulatory compliance and growth in the digital assets industry.
Matrixport, founded in 2019, manages $6 billion in assets and offers diverse crypto financial solutions globally. It holds various regulatory licenses, including in Hong Kong, the UK, and Switzerland, and was recognized as one of the "50 Most Promising Blockchain Companies."
The acquisition strengthens Matrixportâs position in Europe, expanding its regulatory footprint and service offerings. CFAMâs former head of asset management, Stefan Schwitter, has been appointed CEO of MAM. The deal has received all necessary regulatory approvals from FINMA, reaffirming Matrixport's commitment to regulatory compliance and growth in the digital assets industry.
Matrixport, founded in 2019, manages $6 billion in assets and offers diverse crypto financial solutions globally. It holds various regulatory licenses, including in Hong Kong, the UK, and Switzerland, and was recognized as one of the "50 Most Promising Blockchain Companies."
đ $BTC #Matrixport : Bitcoin has seen volatility ranging from +20% to -20% over the past 18 months. It is expected that with the launch options on BTC-ETF volatility will become even lower.
Matrixport Anticipates $1 Trillion Growth in Stablecoin Market by 2030
In a forward-looking statement, Matrixport, a leading #cryptocurrency financial services company, envisions the stablecoin market reaching $1 trillion by 2030. According to their analysis, despite existing challenges like centralization, cross-chain security vulnerabilities, and transparency issues, potential improvements could be achieved through omnichain expansion, the implementation of on-chain reserve proof, and increased decentralization. #Matrixport believes that addressing these obstacles will pave the way for substantial growth in the stablecoin sector over the next decade.
In a forward-looking statement, Matrixport, a leading #cryptocurrency financial services company, envisions the stablecoin market reaching $1 trillion by 2030. According to their analysis, despite existing challenges like centralization, cross-chain security vulnerabilities, and transparency issues, potential improvements could be achieved through omnichain expansion, the implementation of on-chain reserve proof, and increased decentralization. #Matrixport believes that addressing these obstacles will pave the way for substantial growth in the stablecoin sector over the next decade.
Why #CryptoMarket Crashed Today..?
#Matrixport , a crypto-financial service platform, has been notably optimistic about the approval of a spot #BitcoinETF this month.
However, the firmâs recent report suggests a shift in sentiment, speculating that the US Securities and Exchange Commission (#SEC ) may reject any proposals in January 2024.
January Blues for Crypto?
The growing anticipation within the crypto community for the approval of a Bitcoin #ETFs has had a tremendous effect on the industry, which has recovered from the downturn of 2022. An approval is also expected to potentially open new avenues for mainstream investors to participate in the digital asset market.
As such, several experts, as well as Matrixport, have been fairly bullish on this front.
However, in its latest report, Matrixport highlighted that the current leadership overseeing the approval of ETFs at the SEC consists of a five-person voting Commissioners team, primarily composed of Democrats.
What If the SEC Denies Spot Bitcoin Approval Again?
It is important to note that traders began betting on the approval of an ETF in September 2023, which translates to a substantial influx of at least $14 billion in fiat and leverage has been directed into the market.
Some of these capital inflows may be linked to more favorable macroeconomic conditions resulting from the Federal Reserve adopting a dovish stance, according to the report.
In the event of a denial by the SEC, the report anticipates potential cascading liquidations, especially with expectations that a significant portion of the additional $5.1 billion in perpetual long Bitcoin futures might be unwound. This scenario could lead to a rapid 20% decline in Bitcoin prices, reverting to the $36,000/$38,000 range.
Should there be no news of approvals by Friday, January 5, 2024, experts advise the traders to hedge their long exposure by acquiring $40,000 strike puts for the end of January or consider taking outright short positions on Bitcoin through options.
Always DYOR and Trade with StopLoss in $BTC
#Matrixport , a crypto-financial service platform, has been notably optimistic about the approval of a spot #BitcoinETF this month.
However, the firmâs recent report suggests a shift in sentiment, speculating that the US Securities and Exchange Commission (#SEC ) may reject any proposals in January 2024.
January Blues for Crypto?
The growing anticipation within the crypto community for the approval of a Bitcoin #ETFs has had a tremendous effect on the industry, which has recovered from the downturn of 2022. An approval is also expected to potentially open new avenues for mainstream investors to participate in the digital asset market.
As such, several experts, as well as Matrixport, have been fairly bullish on this front.
However, in its latest report, Matrixport highlighted that the current leadership overseeing the approval of ETFs at the SEC consists of a five-person voting Commissioners team, primarily composed of Democrats.
What If the SEC Denies Spot Bitcoin Approval Again?
It is important to note that traders began betting on the approval of an ETF in September 2023, which translates to a substantial influx of at least $14 billion in fiat and leverage has been directed into the market.
Some of these capital inflows may be linked to more favorable macroeconomic conditions resulting from the Federal Reserve adopting a dovish stance, according to the report.
In the event of a denial by the SEC, the report anticipates potential cascading liquidations, especially with expectations that a significant portion of the additional $5.1 billion in perpetual long Bitcoin futures might be unwound. This scenario could lead to a rapid 20% decline in Bitcoin prices, reverting to the $36,000/$38,000 range.
Should there be no news of approvals by Friday, January 5, 2024, experts advise the traders to hedge their long exposure by acquiring $40,000 strike puts for the end of January or consider taking outright short positions on Bitcoin through options.
Always DYOR and Trade with StopLoss in $BTC
đđ Matrixport Report Thread đđ
Hey Crypto Fam! đ
Matrixport just dropped insights predicting SEC's Bitcoin ETF stance! đ§ Brace yourselves for the teaâ
Rare view alert! đš Matrixport hints at SEC rejecting Bitcoin spot ETFs in January. But hold on, final approval might be on the horizon in Q2! đ
Price predictions? đ Matrixport forecasts Bitcoin at $36,000 to $38,000. Time for strategic moves, they suggest. đ€đž
What's in their toolkit? 𧰠Matrixport recommends put options or going short on Bitcoin. đđĄ
Numbers game: Matrixport's insights have turned heads before. Their track record makes this prediction worth a second look! đđ
Personal take: Predictions are like crypto weather forecasts. Always stay informed but be ready for surprises! đ§ïžđ
Fun fact: Did you know, Matrixport was founded by Bitmain's co-founder? Talk about crypto roots! đ±đ»
What's your play on these predictions? Bullish, bearish, or just enjoying the show? Share your thoughts! đŁïžđ #Matrixport #CryptoInsights #BTC #etf
Hey Crypto Fam! đ
Matrixport just dropped insights predicting SEC's Bitcoin ETF stance! đ§ Brace yourselves for the teaâ
Rare view alert! đš Matrixport hints at SEC rejecting Bitcoin spot ETFs in January. But hold on, final approval might be on the horizon in Q2! đ
Price predictions? đ Matrixport forecasts Bitcoin at $36,000 to $38,000. Time for strategic moves, they suggest. đ€đž
What's in their toolkit? 𧰠Matrixport recommends put options or going short on Bitcoin. đđĄ
Numbers game: Matrixport's insights have turned heads before. Their track record makes this prediction worth a second look! đđ
Personal take: Predictions are like crypto weather forecasts. Always stay informed but be ready for surprises! đ§ïžđ
Fun fact: Did you know, Matrixport was founded by Bitmain's co-founder? Talk about crypto roots! đ±đ»
What's your play on these predictions? Bullish, bearish, or just enjoying the show? Share your thoughts! đŁïžđ #Matrixport #CryptoInsights #BTC #etf
Matrixport highlights Solana's affordability as a key advantage in meme coin hype, compared to Ethereum's high GAS fees until Dencun upgrade.
#solana #memecoin #Matrixport
#solana #memecoin #Matrixport
Matrixport Predicts Bitcoin to Reach $45K in 2023 and $125K by 2024-end
Post By: CryptosHeadlines.com
Recent data from Matrixport predicts that Bitcoin could achieve a price of $45,000 in 2023 and soar to $125,000 by the end of 2024. This forecast comes following a robust post-halving rally that has maintained strong support from Bitcoin bulls.As a result, Bitcoin has been edging closer to the $35,000 mark, which has, in turn, triggered a broader cryptocurrency market upswing. The global cryptocurrency market capitalization has experienced a 1% increase in the last 24 hours, bringing it to approximately $1.27 trillion.
Notably, both Bitcoin and Ethereum have surpassed key levels, with Bitcoin above $34,000 and Ethereum above $1,800. Matrixportâs report emphasizes the potential for Bitcoin to reach $45,000 in 2023 and a more substantial $125,000 by December 2024.
Matrixport: Bitcoin in 5th Bull Market, Predicts Significant Price Gains
Matrixport, a prominent research firm, suggests that Bitcoin is currently in its 5th bull market, driven primarily by institutional adoption. This bullish trend began in June of the current year when Bitcoin reached its yearly high.
According to Matrixportâs analysis, Bitcoin is anticipated to reach $45,000 in 2023. The firmâs earlier research indicates that approval of the BlackRock Bitcoin ETF could push Bitcoinâs price to $42,000, and a $50 billion influx could propel it to $56,000.
The report highlights how Bitcoinâs qualities, traditionally linked to assets like gold and safe-haven investments such as Treasury bonds, are now attracting institutions looking to diversify their asset portfolios.
Moreover, Matrixport predicts that Bitcoinâs price will soar to $125,000 by December 2024, more than six months following the Bitcoin halving event. Interestingly, the report notes that October 2022 presented an excellent opportunity for purchasing Bitcoin, as it was trading at $17,000.
The broader crypto market is experiencing substantial trading volumes, largely attributed to increased interest from investors and whales, especially amid the excitement surrounding Bitcoin ETFs. While some traders and analysts anticipate another opportunity to buy Bitcoin below $32,000, the cryptocurrency has remained resilient above this level.
Standard Chartered and Binance CEO CZ Predict Bullish Bitcoin Future
Financial institution Standard Chartered and Binance CEO CZ have shared their bullish predictions for Bitcoinâs future. Standard Chartered forecasts that the cryptocurrencyâs price could reach $50,000 by the yearâs end and potentially exceed $120,000 in the following year. Meanwhile, CZ also anticipates a post-halving rally for Bitcoin based on historical data.
As of the latest data, the price of Bitcoin is currently at $34,313, having moved relatively sideways over the past 24 hours following a significant rally. During this time, it reached a low of $33,983 and a high of $35,133, with a 20% decrease in trading volume over the past 24 hours.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Matrixport #ETF #BitcoinETF
Recent data from Matrixport predicts that Bitcoin could achieve a price of $45,000 in 2023 and soar to $125,000 by the end of 2024. This forecast comes following a robust post-halving rally that has maintained strong support from Bitcoin bulls.As a result, Bitcoin has been edging closer to the $35,000 mark, which has, in turn, triggered a broader cryptocurrency market upswing. The global cryptocurrency market capitalization has experienced a 1% increase in the last 24 hours, bringing it to approximately $1.27 trillion.
Notably, both Bitcoin and Ethereum have surpassed key levels, with Bitcoin above $34,000 and Ethereum above $1,800. Matrixportâs report emphasizes the potential for Bitcoin to reach $45,000 in 2023 and a more substantial $125,000 by December 2024.
Matrixport: Bitcoin in 5th Bull Market, Predicts Significant Price Gains
Matrixport, a prominent research firm, suggests that Bitcoin is currently in its 5th bull market, driven primarily by institutional adoption. This bullish trend began in June of the current year when Bitcoin reached its yearly high.
According to Matrixportâs analysis, Bitcoin is anticipated to reach $45,000 in 2023. The firmâs earlier research indicates that approval of the BlackRock Bitcoin ETF could push Bitcoinâs price to $42,000, and a $50 billion influx could propel it to $56,000.
The report highlights how Bitcoinâs qualities, traditionally linked to assets like gold and safe-haven investments such as Treasury bonds, are now attracting institutions looking to diversify their asset portfolios.
Moreover, Matrixport predicts that Bitcoinâs price will soar to $125,000 by December 2024, more than six months following the Bitcoin halving event. Interestingly, the report notes that October 2022 presented an excellent opportunity for purchasing Bitcoin, as it was trading at $17,000.
The broader crypto market is experiencing substantial trading volumes, largely attributed to increased interest from investors and whales, especially amid the excitement surrounding Bitcoin ETFs. While some traders and analysts anticipate another opportunity to buy Bitcoin below $32,000, the cryptocurrency has remained resilient above this level.
Standard Chartered and Binance CEO CZ Predict Bullish Bitcoin Future
Financial institution Standard Chartered and Binance CEO CZ have shared their bullish predictions for Bitcoinâs future. Standard Chartered forecasts that the cryptocurrencyâs price could reach $50,000 by the yearâs end and potentially exceed $120,000 in the following year. Meanwhile, CZ also anticipates a post-halving rally for Bitcoin based on historical data.
As of the latest data, the price of Bitcoin is currently at $34,313, having moved relatively sideways over the past 24 hours following a significant rally. During this time, it reached a low of $33,983 and a high of $35,133, with a 20% decrease in trading volume over the past 24 hours.
Important:Â Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #Matrixport #ETF #BitcoinETF
đ Matrixport, a crypto service provider, detects growing FOMO sentiment in the market. Funding rates in Bitcoin perpetual futures are up, signifying spreading FOMO. Bitcoin dominance at 52.1%, and 24-hour trading volume reaches $29 billion. Analysts predict BTC may rise to $45,000 this year. đđ #bitcoinworld #Matrixport #BTC đȘđ°
#Matrixport predicts that the price of #Bitcoin will surpass $120,000 by the end of 2024.
The đžđŹ Singapore-based crypto financial services platform cited a confluence of factors including the halving and increased holding by miners âïž as potential catalysts.
#BTC #crypto2024 #cryptohustle
The đžđŹ Singapore-based crypto financial services platform cited a confluence of factors including the halving and increased holding by miners âïž as potential catalysts.
#BTC #crypto2024 #cryptohustle
đ$BTC $ETH #Matrixport : Crypto Is The Best Asset Class YtD
2024 is half way through and as we enter the third quarter of the year, Ethereum and Bitcoin are once again leading the way among the other asset classes. Since the Bitcoin #ETF approval in January, asset managers have no excuse anymore to NOT have Bitcoin as part of their asset allocation strategy, especially since it is once again the best performing asset, so far, this year.
2024 is half way through and as we enter the third quarter of the year, Ethereum and Bitcoin are once again leading the way among the other asset classes. Since the Bitcoin #ETF approval in January, asset managers have no excuse anymore to NOT have Bitcoin as part of their asset allocation strategy, especially since it is once again the best performing asset, so far, this year.
đ$BTC #Matrixport : Bitcoin is on the verge of a breakout
Despite facing multiple headwinds, its prices have rebounded to the top of the range. Yesterday's attempt to break the trendline failed due to market concerns about the US Government moving Bitcoins, which might have simply been transferred into a new custody account.
Additionally, there could have been profit-taking ahead of this week's FOMC meeting. Regardless of the cause, this setback appears temporary, with a new breakout potentially on the horizon.
Despite facing multiple headwinds, its prices have rebounded to the top of the range. Yesterday's attempt to break the trendline failed due to market concerns about the US Government moving Bitcoins, which might have simply been transferred into a new custody account.
Additionally, there could have been profit-taking ahead of this week's FOMC meeting. Regardless of the cause, this setback appears temporary, with a new breakout potentially on the horizon.
đ $BTC #Matrixport : RSI indicator has reached its lowest point since August last year. #Bitcoin usually recovers from being oversold.
đ #Matrixport : $BTC bull market continues. Demand from institutions has been mixed with a reawakening of retail flow. The supply/demand imbalance continues to favor higher prices of Bitcoin.
đ $BTC #Matrixport : Bitcoinâs funding rate has continued to decline into the halving which is now only days away. The decline in the funding rate indicates that traders have taken off bullish positions and that the market is now relatively light-positioned through the derivatives market.
đ„łđ #Matrixport : long $ETH futures positions increased to 3.1 million ETH. This means that futures traders are expecting ETH-ETF approval soon.
Matrixport boldly claimed that the SEC would deny all ETF applications, and within an hour of them broadcasting this news, Bitcoin tumbled down nearly 10%. It smells like an inside job, doesn't it? Seems like Matrixport was in cahoots with the big players.
I don't trust this Chinese research farm founded by Jihan Wu. They seem to have a knack for playing the market to their advantage, twisting news to serve their own ends.
#Matrixport #trendingtoday #JihanWu
I don't trust this Chinese research farm founded by Jihan Wu. They seem to have a knack for playing the market to their advantage, twisting news to serve their own ends.
#Matrixport #trendingtoday #JihanWu
đđ #Matrixport : $BTC is oversold and the RSI reaching 30% indicates that the Bitcoin price has bottomed
