Matrixport, which claims to be one of Asia’s largest “one-stop” financial services platforms, announced the integration of Fly Wing Technologies Pte Ltd’s OTC service on the Matrixport APP, enabling a better one-stop experience for users.
All Matrixport-verified accounts must complete Fly Wing’s eKYC onboarding process to become a Fly Wing customer before “gaining access to Fly Wing’s OTC service.”
Unlike the conventional C2C services provided by crypto exchanges, the OTC service provided by Fly Wing uses bank transfers to complete “fund transfers with partner banks, ensuring the assets’ security and transaction transparency.”
The OTC service combines compliance and convenience, “lowering the barriers for traditional financial investors to access crypto assets.”
Currently, the OTC or over the counter function only supports USD, USDT, and USDC transactions.
John Ge, CEO of Matrixport, stated that fiat currency deposits and withdrawals are the first steps in the user’s crypto experience, and it is also the most important “step in promoting crypto assets to the masses.”
Ge added that in response to the growing demand for crypto asset management and the evolving regulatory landscape, they strive to deliver an OTC service “that seamlessly integrates compliance and convenience to address users’ concerns.”
Recently, Matrixport has expanded the breadth and depth of its products, continuously upgrading its trading system and features “while further diversifying its structured product line.”
This approach enhances the crypto experience for users on Matrixport.
With the launch of the OTC function, eligible users can engage in a range of crypto activities such “as fiat currency deposits and withdrawals, transactions, lending, financial management, and on-chain staking on the APP, creating a one-stop crypto ecosystem.”
Founded in 2019, Matrixport says it is the hub for crypto financial services.
The platform is committed to providing a Super Account that integrates crypto trading, investment, loan, custody, RWA, research.
With $6 billion in AUM, Matrixport offers users crypto-financial solutions designed for capital efficiency and “sustainable” returns.
As a Group and via its subsidiaries, Matrixport has reportedly “received the Trust and Company Service Provider (TCSP) / Money Lender Licenses in Hong Kong, and the FINMA Asset Management License in Switzerland.”
The company operates as “an Appointed Representative in the UK, is registered as an MSB in the US, and is a member of Switzerland’s SRO-VFQ.”
Additionally, Matrixport’s subsidiary, Fly Wing, has obtained “IPA for the MPI License in Singapore.”
