Matrixport Unveils Bold New Leadership For US Expansion
- Matrixport, the Singapore-based crypto trading platform, appoints new head for its operations in the United States.
- Mo Zhou, Harvard-trained lawyer, becomes head of institutional-focused business lines.
- Matrixport, one of Asia’s bigger crypto businesses, has $700 million in loans outstanding and $5 billion in monthly trading volume.
Matrixport, a Singapore-based platform for cryptocurrency trading and lending, has made significant changes to its leadership in the United States.
Anthony DeMartino, who was previously the US CEO, has stepped down from his position and assumed an advisory role. In his place, Mo Zhou, who previously served as the US Chief Operating Officer, has been appointed to head the company’s institutional-focused business lines in the country.
DeMartino has a wealth of experience in trading, having held senior trading roles at UBS, Barclays and HSBC. Prior to joining Matrixport, he headed up Coinbase Risk Strategies. He was hired as part of the company’s international growth plans in the US, and despite the apparent hostility of local regulators towards crypto businesses, those plans remain intact.
Matrixport has confirmed that it will continue to maintain a presence in the US as part of its ongoing international growth strategy. Ross Gan, Head of Public Relations and Brand for Matrixport, confirmed that DeMartino has transitioned into an advisory role, with Zhou supervising day-to-day operations.
Zhou, who is a Harvard-trained lawyer, has spent ten years working in derivatives and M&A, according to Gan. He brings a wealth of experience to his new role as head of the company’s institutional-focused business lines in the US.
With over 290 employees worldwide, more than $700 million in loans outstanding, and $5 billion in monthly trading volume, Matrixport is one of Asia’s largest cryptocurrency businesses.