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Ex-Bitmain CEO to launch new business within a month, with his former employer as a key client

Quick Take

  • Jihan Wu, former CEO of Chinese mining giant Bitmain, is set to launch new startup Matrix before the end of July
  • Matrix, a custody and trading firm, is understood to have been originally incubated within Bitmain, which will subsequently be a major client 
  • Sources say having Bitmain as a key partner could make Matrix into “the world’s biggest OTC desk” overnight
Details about former Bitmain’s CEO Jihan Wu’s newest venture haven’t been particularly forthcoming. But four sources close to the Chinese business mogul say Matrix – his new crypto-services business – is around a month away from going live.  And while Matrix is said to be in conversations with prospective clients globally (with the exception of […]

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