Ex-Bitmain CEO Begins New Crypto-startup

Wu Jihan, former CEO of Bitcoin mining firm, Bitmain has made public that he has started crypto-financial startup, called Matrixport which will offer over-the-counter (OTC) trading, lending and custody. The new firm headquartered in Singapore has also hired dozens of former Bitmain employees that were laid off from Bitmain. The firms CEO Ge Yuesheng claimed that Matrixport will act as a partner to Bitmain rather than a competitor.

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