PR Newswire
09 Jun 2022, 11 GMT+10
Users can expect to to earn enhanced yields from SOL, alongside Bitcoin (BTC), Ethereum (ETH) and Bitcoin Cash (BCH)
SINGAPORE, June 8, 2022 /PRNewswire/ -- Matrixport, one of the world's largest and most trusted digital assets financial services platform, today announced the expansion of its flagship Dual-Currency Product to support Solana (SOL).
Designed to host decentralized, scalable applications on the blockchain, Solana has over 400 projects in its ecosystem. In 3Q 2021, the market capitalization of its native token (SOL) grew by 400 percent. With this growth in liquidity coupled with growing customer interest in SOL, Matrixport is pleased to extend support for SOL, alongside BTC, ETH and BCH in its popular Dual-Currency product.
Cynthia Wu, Chief Operating Officer of Matrixport, said, "Support of SOL in our market leading Dual-Currency product reaffirms our commitment to be responsive to market needs. As the crypto landscape matures, we expect to include more native tokens across our crypto investment products to provide our customers safe and sustainable access to yield opportunities."
First introduced in 2019, Dual-Currency is a non-principal protected investment product with floating returns that allows investors to take advantage of market opportunities in times of volatility to generate yields. The guaranteed yield is secured at the time of investment, while the currency in which the investment will be settled in would be either USDC/USDT or the cryptocurrency selected, depending on how the settlement price compares with the linked price. Matrixport's Dual-Currency product, which supports Solana (SOL) is now available on the Matrixport App.
To celebrate the addition of Solana to its Dual Currency product, Matrixport eligible users will receive a 3% coupon to invest in Solana via Matrixport's Dual Currency Product and investors who complete 5 investments will receive a total value of USD10 in rewards (payment in two coupons of $5 USD each).
About Matrixport
Matrixport is one of the world's largest and most trusted digital assets financial services ecosystem. With USD4B in assets under management, it provides one-stop crypto financial services to meet the emerging needs of generating long term wealth in digital assets. The company's services include Cactus Custody, spot OTC, fixed income, structured products, lending and asset management. It also forges strategic collaborations with early stage Web3 innovators, helping them build, grow and scale.
With its mission to make crypto easy for everyone, Matrixport has a relentless focus on product innovation. It offers the industry's most comprehensive suite of market leading crypto investment products. In 2021, the fintech company achieved pre-money unicorn valuation within two years of its inception.
Headquartered in Singapore, Matrixport serves both institutions and retail customers across Asia and Europe. The company holds licenses in Hong Kong and Switzerland. For more information, visit www.matrixport.com.
Instagram: @matrixport_
Twitter: @realMatrixport
LinkedIn: @Matrixport
SOURCE Matrixport
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationKIYIV, Ukraine: While visiting Ukraine this week, Prime Minister Anthony Albanese said Australia will ban Russian gold imports and provide ...
BERLIN, Germany: Karl Lauterbach, Germany's health minister, has said that he will encourage family doctors to issue more prescriptions for ...
PARIS, France: According to projections and interviews by the Associated Press in 11 countries, tourism officials have said they expect ...
TRENTO, Italy: Record warm temperatures caused a mountain glacier in the Italian Alps to collapse on July 3, killing at ...
WASHINGTON D.C.: The Department of Homeland Security (DHS) will assist Qatar with security during the 2022 World Cup, which begins ...
PARIS, France: Signaling further disruptions for summer travelers, workers at Roissy-Charles de Gaulle Airport said they would go on strike ...
LONDON, England: Amidst surging energy prices and worker shortages, research released this week showed the number of pubs in England ...
BERLIN, Germany: Higher import figures saw Germany recording its first monthly trade deficit in May since 1991. Exports amounted to ...
NEW YORK, New York - The U.S. stock markets again edged in and out of positive territory on Wednesday, but ...
BRUSSELS, Belgium: A document released by the European Union this week revealed that the bloc and its development finance institutions ...
WARSAW, Poland: As Poland's main interest rate remains at its highest level since 2008, boosting the profits of Polish banks, ...
SYDNEY, NSW, Australia - Stocks across Asia lost ground on Wednesday, although the New Zealand market defied the regional trend ...