Matrixport appoints new head of its U.S. unit

The crypto-lending platform Matrixport has appointed a new CEO to run its U.S. business, according to The Block.

The new CEO is Mo Zhou, the former chief operating officer.

Anthony DeMartino, who had led the U.S. unit since June 20, 2022, has moved to a consulting role.

The company stressed that it will continue to expand in the United States as part of its international growth strategy.

Matrixport is among Asia’s largest crypto firms, with a monthly trading volume of around $5 billion.

Mekle Science CEO Mriganka Pattnaik said that the United States would not lose attractiveness as a hub for the crypto industry.

Brad Garlinghouse, the head Ripple, who forecasted the departure of crypto-related firms from the United States due to the lack of clear regulation.

In May, Gemini founders Cameron and Tyler Winklevoss announced plans to open the company’s London headquarters due to the ‘hostile’ regulatory climate in the United States.

As noted, Matrixport analysts predicted Bitcoin would reach $125,000 by the end of 2024. They believe the catalyst for a new rally could be the end of the Federal Reserve’s rate-hiking cycle ФРС.