Log in

Home
aura-logo
Our Top Pick
Research
Analysis
Community
  1. Cryptonary
  2. Archived Posts
  3. Jihan Wu’s Matrixport raises $100 million to reach unicorn status
News

Jihan Wu’s Matrixport raises $100 million to reach unicorn status

Updated: Jul 25, 2024
Published: Aug 2, 2021
0
Share:

The former CEO of Bitmain has raised the profile of his newest venture, and the firm is now worth over $1 billion.

Post Feature Image

Matrixport is now a unicorn company

Matrixport, the crypto-finance venture founded by Jihan Wu, the former CEO and co-founder of Bitmain Technologies, has reached a unicorn level. This latest development comes after the firm raised funds from new and existing investors.

The firm announced via a press release earlier today that it is now worth over $1 billion. Matrixport’s Series C funding round was led by DST Global, C Ventures and K3 Ventures. It also includes new participants like Qiming Venture Partners and the existing ones, IDG Capital and Dragonfly Capital.

Matrixport, a Singapore-based cryptocurrency finance venture, raised over $100 million this time around and expects to raise more soon. Chief Executive Officer Ge Yuesheng is optimistic about the firm’s growth over the next few years. He stated that “Crypto banking is still a fast-growing niche when compared to wallets and exchanges. Our clients are mainly high net-worth individuals in crypto who have a wide range of expectations of risk and return.”

Matrixport aims to make it easier for institutions and individuals to enjoy more services from the cryptocurrency sector. “We are more than a gateway to the crypto economy. Matrixport is where both institutional customers and individuals find it easy to get more from their crypto, beyond just trading,” Ge added.

Matrixport holds over $10 billion in assets

The firm revealed that by the end of the first quarter of 2021, it held over $10 billion in assets under management and custody. Matrixport also recorded $5 billion in monthly transactions across all product lines during that period.

Jihan Wu was previously the CEO of Bitmain Technologies, one of the leading manufacturers of cryptocurrency mining hardware. However, he resigned in January, ending a years-long power struggle with his co-founder Micree Zhan. Jihan Wu is now the chairman of Matrixport while, Ge, his former Bitmain ally, serves as the CEO.

Continue reading by joining Cryptonary Pro

Save 50%

$997/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

As a Cryptonary Pro subscriber, you also get:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ investors

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut through the noise and consistently find winning assets.

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
  • Token
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp
/images/advertorial/corpcomm1.webp
/images/advertorial/corpcomm2.webp
/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp
/images/advertorial/corpcomm6.webp

Frequently Asked Questions

Can I trust Cryptonary's calls?

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

Do I need to be an experienced trader or investor to benefit?

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

What makes Cryptonary different from free crypto content on YouTube or Twitter?

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

Why is there no trial or refund policy?

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Do I get direct access to the Cryptonary team?

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

How often is content updated?

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

How does the success guarantee work?

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
Market Pulse: Coinbase Opens DEX Access to All Solana Tokens
Market Pulse
Market Pulse: Coinbase Opens DEX Ac...Coinbase’s integration of onchain Solana token trading shakes up the listing model. With every SPL a...
3 min read
Dec 11, 2025
Deep Dive: Inside the Latest Perp DEX Wars
Research Report
Deep Dive: Inside the Latest Perp D...Something interesting is happening in decentralised perps. Hyperliquid’s breakout year opened the do...
18 min read
Dec 10, 2025
BTC, ETH and More: Technical Overview of Key Levels
PRO
Market Direction
BTC, ETH and More: Technical Overvi...Ahead of the Fed meeting, the market has compressed into a series of critical support and resistance...
10 min read
Dec 9, 2025
AMA with Abror, Adam & Tom: 4th December
PRO
Livestreams
AMA with Abror, Adam & Tom: 4th Dec...The conversation delves into the current state of the crypto market, focusing on macroeconomic facto...
1 min read
Dec 12, 2025
BTC, ETH and More: Market Remains Range Bound
PRO
Market Direction
BTC, ETH and More: Market Remains R...The market has been busy this week, with sharp moves and plenty of noise along the way. But beneath ...
10 min read
Dec 12, 2025
Market Update: Fed Cuts Rates, Markets Struggle Despite Dovish Signals
PRO
Market Updates
Market Update: Fed Cuts Rates, Mark...The Fed eased, Powell sounded dovish, and liquidity support is coming. But markets still faded. That...
12 min read
Dec 11, 2025
Market Pulse: Coinbase Opens DEX Access to All Solana Tokens
Market Pulse
Market Pulse: Coinbase Opens DEX Ac...Coinbase’s integration of onchain Solana token trading shakes up the listing model. With every SPL a...
3 min read
Dec 11, 2025
Deep Dive: Inside the Latest Perp DEX Wars
Research Report
Deep Dive: Inside the Latest Perp D...Something interesting is happening in decentralised perps. Hyperliquid’s breakout year opened the do...
18 min read
Dec 10, 2025
BTC, ETH and More: Technical Overview of Key Levels
PRO
Market Direction
BTC, ETH and More: Technical Overvi...Ahead of the Fed meeting, the market has compressed into a series of critical support and resistance...
10 min read
Dec 9, 2025
AMA with Abror, Adam & Tom: 4th December
PRO
Livestreams
AMA with Abror, Adam & Tom: 4th Dec...The conversation delves into the current state of the crypto market, focusing on macroeconomic facto...
1 min read
Dec 12, 2025
BTC, ETH and More: Market Remains Range Bound
PRO
Market Direction
BTC, ETH and More: Market Remains R...The market has been busy this week, with sharp moves and plenty of noise along the way. But beneath ...
10 min read
Dec 12, 2025
Market Update: Fed Cuts Rates, Markets Struggle Despite Dovish Signals
PRO
Market Updates
Market Update: Fed Cuts Rates, Mark...The Fed eased, Powell sounded dovish, and liquidity support is coming. But markets still faded. That...
12 min read
Dec 11, 2025
Market Pulse: Coinbase Opens DEX Access to All Solana Tokens
Market Pulse
Market Pulse: Coinbase Opens DEX Ac...Coinbase’s integration of onchain Solana token trading shakes up the listing model. With every SPL a...
3 min read
Dec 11, 2025
Deep Dive: Inside the Latest Perp DEX Wars
Research Report
Deep Dive: Inside the Latest Perp D...Something interesting is happening in decentralised perps. Hyperliquid’s breakout year opened the do...
18 min read
Dec 10, 2025
BTC, ETH and More: Technical Overview of Key Levels
PRO
Market Direction
BTC, ETH and More: Technical Overvi...Ahead of the Fed meeting, the market has compressed into a series of critical support and resistance...
10 min read
Dec 9, 2025
Research
Top PicksDeep DivesPassive IncomeAirdrop ReportsCrypto Research
Analysis
Market UpdatesMarket DirectionMarket PulseLivestreams
Tools
Market DirectionAssets & PicksAirdropsPortfolio Tracker
Cryptonary
Affiliate programEducationPrivacy PolicyTerms & ConditionsContact UsWrite for us
Stay connected
Disclaimer: The information provided on this website is for educational and informational purposes only and does not constitute financial, investment, legal, or tax advice. Cryptonary is not a licensed financial advisor. All content is shared without any guarantee of accuracy or completeness. You are solely responsible for your investment decisions. Always do your own research and consult with a licensed professional before making financial choices. Past performance is not indicative of future results.

×

Don't Miss The Next 100X

We called major winners like

BTC

BTC

120X

ETH

ETH

270X

SOLANA

SOLANA

30X

Get our next high-conviction setup + weekly research free.

Join 300,000+ investors and traders who've been following us since 2017.

​
Germany

Free forever. Unsubscribe anytime. No credit card required.