You in my orbit? Check out OrBit Markets! They're a Singapore-based startup that's bringing more sophisticated crypto products. Oh, and they've just raised a $4.6M angel round. (Yes, angel.)

Investor check. Crypto unicorn Matrixport led the round. Brevan Howard Digital, New Form Capital, Maven 11 and Westridge Markets also joined in.

• We're seeing the synergy. Matrixport offers high-returns savings accounts, loans, yield farming and more, mainly for folks with lots of $$$ (HNWIs) and institutional investors with at least $1M in crypto.

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🧐 Why it matters

The crypto environment is maturing and institutionalizing. With that, more investors and DeFi users are looking for more advanced products — like options strategies and derivatives — for investments and yield enhancement.

The tough part? Only a few firms (aka, "market makers") can provide liquidity for these complex products. Even in traditional finance, only a few global investment banks can do this.

• Liquidity is the ability to quickly convert your crypto into cash or other crypto — without significantly impacting its price.

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🤷🏻‍♀️ What they do

They're creating the crypto counterparts of derivatives, exotic options and structured products. How? By designing quantitative models and risk engines to build crypto financial solutions.

• Ok, what? They're basically building the investment products that investment and private banks offer, but in crypto.

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🤨 What's it for

Structured products. Instead of buying and holding crypto, go for structured products linked to major cryptocurrencies.

Exotic options. Say bye, to crypto ETFs! These are more flexible in terms of payoff structures, expiries, strikes and underlying assets. Plus, they can be cheaper than ETFs too!

• These exotic options are linked to major cryptocurrencies and can also be customized to fit you (views, risk appetite, budget).

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💰 What's with the $$$?

They'll be developing their product offerings and proprietary tech and growing their user base!