Matrixport launches an exclusive regulated product “Buy Now, Pay Later” and is a pioneer in the development of crypto derivatives.

Singapore, November 1, 2024 /PRNewswire/ — Matrixport, the world’s leading one-stop crypto financial services hub, announces the official launch of its exclusive regulated product “Buy Now, Pay Later (“BNPL”) offering users a new option for cryptocurrency investments. Following the exclusive launch of its “dual currency” regulated product, BNPL is another pioneering offering from Matrixport, likely to stimulate the next wave of innovation in the crypto derivatives market.

As a unique cryptocurrency-based product launched exclusively by Matrixport, BNPL combines crypto assets with installment payment orders, allowing users to secure the potential returns of their investment goals in advance. On vesting day, users can either make the final payment to acquire the Target investment shares, choose to forego the final payment and settle the down payment portion of Target directly in cash, or choose to extend the contract. Currently, Matrixport’s BNPL supports BTC and ETH as investment targets, with more cryptocurrencies to be supported in the future.

Matrixport is committed to continuously diversifying the industry’s crypto derivatives offerings and driving crypto financial innovation. Installment notes, as a mature traditional financial investment instrument, are not only the most common type of security on the Australian Securities Exchange (ASX) but also a leveraged instrument used in Australian self-managed superannuation funds (SMSFs). Matrixport’s BNPL innovates these mature traditional financial products, closely meeting users’ needs. With the BNPL product, users can leverage small amounts of capital to obtain large returns, taking full advantage of the leverage effect without the need for additional margin, significantly enhancing capital utilization without incurring excessive liquidation risk.

“Cryptocurrency innovation is the cornerstone of Matrixport’s long-term development. From the launch of the dual currency product to the introduction of BNPL, we have always been committed to providing users with easy-to-use and user-friendly transactions,” said John Ge, CEO of Matrixport. -Using cryptocurrency investment products, Helping users get more rational returns amid market volatility As the cryptocurrency industry is still in its early stages, Matrixport will continue to promote the integration of traditional finance and cryptocurrency finance, lowering the barrier to entry of traditional capital into finance Cryptocurrencies, driving mainstream adoption of cryptocurrency finance.”

Recently, Matrixport accelerated its global expansion, acquiring a Swiss licensed cryptocurrency asset manager (formerly CFAM) to enter the pan-European crypto asset management market. It has also begun upgrading its brand, launching a Chinese brand name and logo to enhance its various local operations around the world. In addition, the structured products segment has also seen continuous progress, with Shark Fin, Smart Trend, Seagull and “buy now, pay later” products all successively launched in the market. Matrixport application. As Matrixport continues to improve its product line and develop its globally compatible processes, Matrixport is moving closer to achieving its goal of becoming a cryptocurrency financing gateway.

About Matrixport

Founded in 2019, Matrixport is the world’s leading hub for crypto financial services. The platform is committed to providing each user with a customized Super account that integrates cryptocurrency trading, investment, loans, custody, RWA, research, and more. with 6 billion dollars In AUM (Assets Under Management), Matrixport offers global users diverse crypto-financial solutions designed for optimal capital efficiency and sustainable returns.

As a group and through its local subsidiaries, Matrixport holds Trust and Company Service Provider (TCSP) / Money Lender licenses in Hong KongAnd FINMA Asset Management License in Switzerland. The Company acts as an appointed representative in the United Kingdom, is registered as an MSB in the United States, and is a member of Switzerland FINMA SRO-VFQ. It has been recognized by CB Insights as one of the “50 Most Promising Blockchain Companies” and featured in Hurun’s “2024 Global Unicorn” list. In addition, Matrixport’s Fly Wing subsidiary obtained an MPI license in IPA Singapore.

Matrixport official website: https://www.matrixport.com

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