SINGAPORE, 16 August 2024 /PRNewswire/ — Matrixport CEO John Ge attended the Foresight 2024 Summit and shared his market and compliance insights during a panel discussion on 11 August 2024According to John, regulatory compliance is the main issue in the entire crypto industry. Matrixport will continue to take care of regulatory compliance while providing professional asset management services to more users.
Matrixport CEO John Ge shares his views during a panel discussion
John Ge, CEO of Matrixport
The FORESIGHT 2024 Summit was co-hosted by Foresight Ventures, Foresight News and The Block. The event took place in Hong Kong out of 11 to 12 Augustwhere government officials, industry leaders, managers of traditional institutions, top VC investors and representatives of popular projects come together to discuss a new chapter of Web3 development in Asia and the world.
As a special guest, John Ge shared his opinion with other guests on the topic “Hong Kong’s Crypto Renaissance: Tapping into New Growth Frontiers”. According to John, “Even though prices have been relatively high during this crypto cycle, the crypto industry has not witnessed an optimistic sentiment due to the relatively weak fundamentals of the Asian economy. New users and participation in asset management have remained low. In the past, many non-traditional crypto investors considered getting involved in crypto asset management. This trend has lost momentum since a ‘black swan’ swept through the crypto industry and investing in risky assets became mainstream. This is obviously not conducive to the industry. With the approval of crypto ETFs and improved compliance of some crypto assets, cross-border asset management has seen a surge, sending encouraging signals to the industry.”
John Ge also shared his views on the regulation of the crypto industry from the perspective of a professional asset manager. He said, “The core competency of an asset manager lies in performance and business development. The current trend of managing crypto assets is similar to the pattern of precious metals. With BTC, ETH and SOL dominating the market, diversified investments such as diversification into stocks in traditional finance are complicated in the crypto space. Meanwhile, due to the nature of crypto assets, most new users aim for high profits by choosing the right time. But here at Matrixport, we are committed to securing reasonable profits for our users and ensuring that they do not fall back into poverty amidst market volatility. We seek security in an uncertain world. As the entire crypto market becomes increasingly regulated, more and more traditional finance users will enter the crypto market in search of diversified investment opportunities. They are very sensitive about security and compliance, which brings potential new users to Matrixport as we actively promote compliance. Matrixport will continue to be committed to compliance while providing professional asset management services to more users.”
About Matrixport
Founded in 2019, Matrixport is the world’s leading hub for comprehensive crypto financial services. We aim to build an entry-level ecosystem for the crypto space by providing each user with a personalized super account that integrates crypto asset trading, investing, lending, custody, RWA, research and more. Through our diverse products and services, we enable users to earn sustainable returns on their crypto investments. For more information, visit https://www.matrixport.com/.
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