Matrixport Integrates Fly Wing's OTC Service to Simplify Crypto Access

Matrixport, a leading financial services platform in Asia, has announced the integration of Fly Wing Technologies Pte Ltd’s OTC service into its application. This strategic move aims to streamline the process for traditional investors to access cryptocurrency assets, according to Matrixport's official announcement.

Enhanced Financial Services

The newly integrated OTC service is designed to offer a seamless experience for users by requiring Matrixport-verified accounts to complete Fly Wing’s eKYC onboarding process. This step is crucial for users to access Fly Wing’s OTC services effectively. Unlike conventional C2C platforms, this service employs bank transfers to ensure asset security and transaction transparency.

Focus on Compliance and Convenience

Fly Wing’s OTC service supports transactions in USD, USDT, and USDC, blending compliance with convenience to lower barriers for traditional financial investors entering the crypto market. John Ge, CEO of Matrixport, emphasized the importance of fiat currency deposits and withdrawals as foundational steps in introducing crypto assets to a broader audience. He highlighted the company's commitment to integrating compliance and convenience in their offerings to meet evolving user needs and regulatory landscapes.

Expanding Product Offerings

Matrixport continues to expand its product offerings by upgrading its trading system and diversifying its structured products. The launch of the OTC function allows users to engage in various crypto activities, including fiat currency deposits and withdrawals, transactions, lending, financial management, and on-chain staking, thereby creating a comprehensive crypto ecosystem within the app.

About Matrixport

Founded in 2019, Matrixport has rapidly become a global leader in providing comprehensive crypto financial services. With $6 billion in assets under management, the platform offers diverse financial solutions aimed at optimizing capital efficiency and ensuring sustainable returns. Matrixport holds various licenses, including the Trust and Company Service Provider License in Hong Kong and the FINMA Asset Management License in Switzerland, reflecting its commitment to regulatory compliance and global reach. The platform has been recognized by CB Insights and features in the Hurun Global Unicorn List.