CW
Cynthia Wu is the Head of Sales and Business Development at Matrixport, a digital asset financial services platform.
She discusses the company's growth in Asia, relationships with Bitcoin miners and institutional investors, and efforts to introduce DeFi services while managing risk for users new to cryptocurrency.
1Interview
2021First on the show
Sep 2021Latest appearance
19 minOn camera
19:26
Latest interview · Sep 7, 2021Cynthia Wu on Matrixport's growth in Asia and institutional crypto servicesWatch the episode →
Key points
- Matrixport offers over 10 crypto financial products including trading, lending, yield earning, and collateralized borrowing on a single platform.
- The company's early clients were Bitcoin miners needing collateralized loans and yield products, followed by retail investors and non-mining institutions.
- Market cycles significantly impact user behavior, with bearish markets driving conservative yield-seeking and position-building, while bullish markets increase risk appetite and leverage usage.
- Institutional adoption has accelerated, with family offices, hedge funds, asset managers, and traditional brokerages becoming increasingly interested in crypto services.
- Matrixport was founded in early 2019 during a bear market by Jihan Wu from Bitmain, along with Zhong and Daniel, to provide comprehensive crypto financial services.
In their own words
“In a bullish market, everything goes up, including the appetite for risk taking and the level of activity.”
“Security first is always our culture across all of Matrixport's products.”
