Interview with Li Kuang: Matrixport provides a variety of customized services to help miners prepare for the flood season

On April 21, BitDeer and eight major mining brands jointly held the "First 421 Flood Festival" live broadcast conference. Many well-known industry insiders expressed their views on the flood season, halving market and future industry development. Matrixport, as an important strategic partner of Bitmain in the field of blockchain infrastructure, also participated in the "First 421 Flood Festival" online conference.

Most people who enter the industry cannot do without the word "investment". Miners buying mining machines and cryptocurrencies are also a kind of investment behavior. Matrixport, headquartered in Singapore, is trying to promote the circulation of mining assets, providing a variety of lending services for miners, and helping miners prepare for the flood season. So what products can Matrixport currently provide, and what are their advantages? What services are currently provided for miners to prepare for the flood season? To this end, BlockBeats interviewed Li Kuang, head of sales for Matrixport in the Asia-Pacific region, and asked him to answer the above questions one by one.

BlockBeats: Matrixport has always attracted much attention. Compared with other competing products on the market that disclose financial and user information, it seems that Matrixport

Data is rarely released to the public. Could you please briefly introduce the current development status?

Li Kuang: In fact, our official website has some public data. Our monthly transaction volume is 125 million US dollars, the loan balance is 100 million US dollars, and there are 500 million US dollars of assets entrusted to our platform. We have also published financial data. Users who invested in dual-currency products have earned more than 3.5 million US dollars in half a year on our platform. In the current market, it is very difficult to make money with fiat currency, while dual-currency products can obtain stable returns in the volatile market. I prefer to share with you the data of how the company's products help customers make money.

The company's revenue, user distribution and other data have little reference value to customers and are only of reference value to competitors.

BlockBeats: What products has Matrixport launched now? In what aspects is it more competitive?

Li Kuang: Among the financial products, I think the most worthwhile, most interesting, and most suitable in terms of returns and risks are dual-currency financial products. Whether you are a user holding USDT or a Bitcoin user, you can use your idle digital assets to obtain a good annualized return. If you are a USDT-based user and are optimistic about long-term investment in Bitcoin, then dual-currency financial management is more suitable. By choosing a financial product with a term of 7 days and about 15% lower than the current pegged price, you can get an annualized return of more than 25%-30%. If the price of Bitcoin falls sharply, it is equivalent to buying at a low price, and according to the historical rise and fall data of Bitcoin, there is a high probability that it will rebound to the pegged price, and the financial risk is very low.

BlockBeats: Matrixport is a product that is more inclined towards financial management. Why did you participate in the BitDeer Fengshui event this time?

Li Kuang: Matrixport also participated in BitDeer’s Flood Festival event. The flood season is a critical moment for miners, especially when Bitcoin is about to halve. I believe miners hope to increase production as much as possible during the flood season before the halving, so we provide a lot of customized services for miners.

During the Flood Festival, users who use Matrixport wallet to pay for Antminer or BitDeer cloud computing orders can get a rebate of up to 10USDT, and will be given two interest rate coupons, and a miner will be selected to receive a free order. We will also rebate and provide higher annualized returns to miners who use Matrixport addresses to mine. Miners can also borrow money from Matrixport at zero interest, for working capital, to pay electricity bills or to buy mining machines.

Rhythm BlockBeats: Some people say that Matrixport’s products are more suitable in volatile market conditions. If the future market ushers in a bull market or goes sideways for a long time, Matrixport’s products will not be so suitable. What do you think about this?

Li Kuang: Matrixport's current products can make money in a corresponding bull market or even in a long-term sideways market. For example, if it is sideways, users can choose dual-currency financial management, or debt-for-financial management, which are stable and high-yield. In a bull market, you can choose mortgage lending, buy coins at a discount, etc.

For the level of financial products, the interval type is actually more complicated. If you think that the market will always rise or fall, your best strategy is to use the maximum leverage to go long or short. On the contrary, interval products require a combination of financial products, which is more demanding.

Matrixport will launch any product based on the current market situation and in line with customer needs. If Bitcoin begins to correlate with mainstream assets, range fluctuations will be the current market norm. If other changes occur in the market, we will also launch the best product category for customers.

BlockBeats: What new plans does Matrixport have in the future? Currently, we see that the main product seems to be dual-currency products. Will there be new products? Can you reveal them?

Li Kuang: Matrixport has strong product development and innovation capabilities. In addition to innovation, we will also meet different scenarios of customers based on user needs. There will be several innovative products in the future, which cannot be disclosed for the time being. Welcome everyone to pay more attention.