Author: Matrixport
In recent months, with the approval of Ethereum spot ETH and the approaching US election, the cryptocurrency market has once again attracted widespread attention. Although the current market is at a low point, the market experienced a small bull run not long ago, and Bitcoin also slightly broke through its historical high. Although most people are familiar with exchange platforms such as Binance, OKX and Coinbase, there are still some outstanding companies in the cryptocurrency industry that are worth paying attention to.
In today’s article, we will introduce a crypto company, Matrixport (known as M-station to its old fans), which was recently selected into the 2024 Global Unicorn List released by Hurun Research Institute with a valuation of US$11 billion. The company was named one of the 50 most promising blockchain and crypto companies in the world by CB Insights in 2022.
Matrixport vs Exchanges
As Asia's largest crypto asset value-added management platform, Matrixport's business covers lending, financial management, asset value-added, and custody services. Its product line covers low, medium and high risk levels, suitable for most users who want to use cryptocurrencies to gain income.
Founded in 2019, Matrixport is headquartered in Singapore and has offices in many countries and regions around the world. Its founding team includes several leaders in the crypto industry, including Jihan Wu, one of the co-founders of Bitmain. Despite such a strong background, Matrixport has been operating in a low-key manner over the past five years, which is quite rare in the cryptocurrency industry. After all, traffic is walking money in the cryptocurrency industry. Gaining attention and attracting traffic through high-profile operations is an important means of operation used by many cryptocurrency companies. However, Matrixport chose to remain pragmatic and focus on improving the quality of products and services.
By comparison, most cryptocurrency users are already very familiar with exchange platforms, so I won’t go into too much detail here. However, the value-added management of crypto assets in which Matrixport operates is often overlooked. As the world's leading and Asia's largest crypto asset value-added management platform, Matrixport provides users with comprehensive asset value-added management solutions, and its business model is significantly different from exchanges.
This article will explore the differences in business models between Matrixport and exchanges, analyze their performance and essential differences in focusing on user interests, and analyze which crypto financial service platform truly regards making money for users as its mission.
Matrixport vs Exchanges Comprehensive Comparison
The main comparison points between Matrixport and exchanges:
From the simple comparison in the table above, we can see that Matrixport and exchanges have fundamental differences in their business models. Exchanges earn revenue by directly charging transaction fees from users, which means that exchanges can profit from it regardless of whether users make a profit or a loss, making the interest relationship between exchanges and users relatively independent.
In contrast, Matrixport's business model is more unique: it makes a profit by extracting a portion of the user's actual profit as a service fee. This means that Matrixport can only make a profit if the user actually makes money, thus ensuring that the interests of the platform and the user are always aligned.
Matrixport's business model determines that the platform must take profit for users as its basic starting point and mission, and Matrixport actually operates in this way. Therefore, Matrixport has been able to maintain a good track record in more than five years of stable operation.
Matrixport's history and advantages
Matrixport was founded in 2019. At that time, most crypto companies were exchanges, but Matrixport chose the track of crypto asset value-added management and innovatively developed a series of high-quality products including crypto asset dual currency financial management.
In the more than five years since its establishment in 2019, Matrixport has experienced the bull-bear market transition, witnessed the ups and downs of the cryptocurrency industry and the rise and fall of so-called "competing platforms". For example, the series of chain reactions triggered by the FTX crash in 2021 led to the closure of many crypto asset value-added management platforms, but Matrixport has always adhered to its original intention of making money for users and making users profitable, strictly controlling asset risks, and maintaining a good track record.
In the fast-changing field of cryptocurrency, if a company has been operating stably for more than 5 years, it has fully proved its reliability and credibility, and Matrixport is heading for its sixth year. Matrixport has currently obtained a Hong Kong Trust Company License, a Money Lender License, a UK FCA Compliance Authorized Representative Company, a US Money Services License, etc., and is a member of the Swiss FINMA SRO-VFQ, further proving the compliance and reliability of its platform.
Today, Matrixport has developed into the world's leading and Asia's largest crypto financial services hub platform, with a portfolio of products and services covering users in many countries and regions around the world, providing seamless links to major exchange trading businesses (supporting Binance and OKX's trading products), lending, wealth management and other crypto asset value-added management services. The platform currently manages and custodians over $10 billion in assets and has a monthly trading volume of over $5 billion.
Matrixport's core purpose - putting user interests first
Information obtained from Matrixport's official channels indicates that Matrixport is committed to building an entry-level crypto asset ecosystem, providing cryptocurrency users with a super account that integrates asset buying and selling, investment, OTC trading, investment research and other functions, and helping users achieve continuous asset appreciation by providing diversified products and professional services.
As mentioned above, Matrixport's business model is completely different from that of exchanges. Exchanges' revenue mainly comes from transaction fees charged to users, while Matrixport realizes revenue by charging service fees from the revenue earned for users. This model determines that the relationship between the platform and users is always a true community of interests, which means that Matrixport must put the interests of users first and create actual benefits for users. This is the most essential difference between Matrixport and exchanges.
Recently, Matrixport's exposure in the market has increased significantly, including its product development, App upgrade, brand upgrade, etc. This series of initiatives shows that Matrixport will continue to practice the company philosophy of putting user interests first on the basis of continuously expanding its user territory. As an established company founded by crypto industry leaders and operating stably for nearly six years, Matrixport brings new hope to crypto industry users. Thunderstorms in the currency circle in recent years have caused varying degrees of harm to retail investors, and Matrixport’s stable operations and user-first philosophy are exactly what the current encryption market desperately needs.
Let us look forward to more developments from Matrixport and hope that this crypto unicorn company will continue to bring more surprises to the cryptocurrency industry and users.
Here is the official link of Matrixport:
Official Website
ChineseX
Chinese Telegram Group
App Download
