Share this article
Bitmain Spin-Off Matrixport Gets $100M in Series C Funding, Valuation Over $1B
Funding will go toward furthering research for its product offerings while enhancing the platform's user experience.
Updated Sep 14, 2021, 1:33 p.m. Published Aug 2, 2021, 3:29 a.m.
Matrixport, a crypto services provider, has closed a $100 million Series C funding round with a valuation of over $1 billion.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- 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.
Read more: Gemini Exchange to Expand Asia-Pacific Operations in a Bid to Capture Growth
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto Drop Wipes Out $370M in Bullish Bets as BTC, ETH Give Back Gains
Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.
What to know:
- Crypto markets experienced a significant leverage reset with over $514 million in positions liquidated in 24 hours.
- Long positions accounted for $376 million of the liquidations, indicating traders were heavily betting on continued market gains.
- Binance, Hyperliquid, and Bybit were the most affected exchanges, comprising 72% of all forced unwinds.
Top Stories
