Matrixport Appoints New Head for U.S. Operations
Matrixport, the Singapore-based crypto trading and lending platform, has announced the appointment of Mo Zhou as the new head for its operations in the United States. Zhou, who previously served as the U.S. chief operating officer, will now oversee the company’s institutional-focused business lines in the country. This move comes as former U.S. CEO Anthony DeMartino steps down from his position and transitions into an advisory role.
Key Points:
– DeMartino, a trading veteran with experience at Coinbase, UBS, Barclays, and HSBC, was hired by Matrixport last year to support the company’s international growth plans in the U.S.
– Despite the regulatory challenges faced by crypto businesses in the U.S., Matrixport remains committed to its presence in the country and its international expansion strategy.
– Zhou, a Harvard-trained lawyer with a background in derivatives and M&A, will now take on the responsibility of overseeing day-to-day operations in the U.S.
– Matrixport is a prominent crypto business in Asia, boasting over 290 employees worldwide, more than $700 million in loans outstanding, and $5 billion in monthly trading volume.
Hot Take:
The appointment of Mo Zhou as the head of Matrixport’s U.S. operations reflects the company’s determination to navigate the regulatory landscape and continue its growth trajectory in the country. With Zhou’s expertise in derivatives and M&A, Matrixport is well-positioned to capitalize on the opportunities in the institutional-focused crypto market in the U.S.
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