There are many cryptocurrency trading platforms that most have never heard of. BTCX, a Swedish platform, is one of those companies that only now starts making headlines.
That is primarily because BTCX wants to get on the domestic stock exchange.
This news follows their recent funding round for $1.5 million.
If everything goes according to plan, an IPO will be filed in the coming months.
This will be done with the help of Eminova Partners.
Prior to that happening, a lot of crucial decisions will need to be made.
First of all, the company has to determine which stock exchange it wants to be listed on.
Secondly, they need to receive the appropriate approval before engaging in this activity.
It would not be the first Swedish crypto firm to conduct an IPO.
Quickbit, a company specializing in crypto payments for e-merchants, made its way to NGM in Stockholm.
The recent round of funding may prove crucial in being deemed “sufficiently liquid” for an IPO filing.
The money will be used to further strengthen the products and services provided by BTCX.
It is crucial for companies such as these to make cryptocurrencies more approachable.
That remains one of the biggest hurdles this industry struggles with, even after 11 years.
Solana continues to heat up. The market is watching the ecosystem closely as institutional demand…
The crypto market has entered one of its most fear (full) phases in years. After…
The crypto world sees another major collapse. This time, the man at the center is…
BNB Chain just added one of the biggest names in global finance to its streets,…
ADA Shoots for $2, Zero Knowledge Proof’s Whitelist Blows Up Overnight: Why Experts Are Calling…
Cypherpunk Technologies ($LPTX) is making a bold move in the privacy sector. The company revealed…