June 9, 2022 — Matrixport, one of the world’s largest and most trusted digital asset-financial services platforms, announced today the expansion of its flagship Dual-Currency Product to support Solana’s SOL.
Designed to host decentralized, scalable applications on the blockchain, Solana has more than 400 projects in its ecosystem. In the third quarter of 2021, the market capitalization of its native token SOL grew by 400%. With this growth in liquidity, coupled with growing customer interest in SOL, Matrixport is pleased to extend support for SOL alongside Bitcoin (BTC), Ether (ETH) and Bitcoin Cash (BCH) with 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 [in] 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 yields are secured at the time of investment, while the investment’s currency is either USD Coin (USDC), Tether (USDT) or whatever cryptocurrency selected, depending on how the settlement and linked prices compare. Matrixport’s Dual-Currency Product, which supports Solana’s SOL, is now available on the Matrixport app.
To celebrate the addition of SOL to its Dual Currency product, Matrixport users can receive a 3% coupon from investing in SOL via Matrixport’s Dual Currency Product. Investors who complete five investments can receive $10 in rewards in two $5-coupon payments.
Matrixport is one of the world’s largest and most trusted digital assets financial services ecosystems. With $4 billion 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 over-the-counter trading, fixed income, structured products, and 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 a pre-money unicorn valuation within two years of its inception.
Headquartered in Singapore, Matrixport serves both institutions and retail customers in Asia and Europe. The company holds licenses in Hong Kong and Switzerland. For more information, visit Matrixport.com.
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