SEC-registered cryptocurrency issuer,INX, will complete its initial public offering (IPO) in April.

Spread the love

Since September 2020, INX has been accepting cryptocurrencies such as Bitcoin and Ether for its SEC-approved encryption token IPO.

INX Limited, a Gibraltar-based exchange platform for shares and cryptocurrencies, is nearing the end of its initial public offering.

According to a Monday announcement, April 22 will be the last day of INX’s IPO as the company expects to have listed its token on at least one public trading platform by the end of May 2021. INX plans to launch the INX Digital trading platform shortly after the IPO ends, the firm said.

INX plans to collect up to $117 million in a security token offering authorised by the US Securities and Exchange Commission in August 2020.

According to INX CEO Shy Datika, the firm “has consolidated its spot as the first to conduct an SEC-registered digital security IPO for both retail and institutional investors.”

INX did not mention how much money the company has earned so far from its IPO.

According to Cointelegraph, INX initially planned to complete the IPO by the end of 2020, having raised a total of $10 million as of late October.

RECOMMENDED READ:  Former SEC Director tipped to lead Coinbase's Capital Markets Division into IPO

During its initial public offering, the company received deposits in big cryptocurrencies such as Bitcoin (BTC) and Ether (ETH), as well as the US dollar-pegged stablecoin USD Coin (USDC). Bitcoin and Ether were trading at about $10,500 and $380, respectively, when INX launched the crypto payment option in September 2020. Both cryptocurrencies have seen huge gains as part of a big rally in crypto markets, rising more than 500 percent since September and currently selling at $58,577 and $2,099, respectively, at the time of publishing.

INX is nearing the end of its IPO when Coinbase, a big US blockchain platform, plans to go public for a direct stock listing on the Nasdaq Global Select Market. On April 14, the company plans to begin trading its Class A common stock under the ticker symbol “COIN.”

 158 Interactions,  6 today

What are traders talking about Bitcoin’s latest all-time peak of $63K?

Bitcoin's price has surpassed $63,000 to set a new all-time record, but markets are divided in the short term. On Read more

If you want to buy Coinbase stock right now? Here’s how to get noticed before April 14th.

Retail parties can exchange Coinbase stock price activity on FTX in addition to purchasing Coinbase stock as it lists, but Read more

RECOMMENDED READ:  Why Jerome Powell, US Federal Reserve Chairman says Bitcoin is a better replacement for gold than the dollar
TIME has come for Bitcoin, as a publication has agreed to keep BTC on its balance sheet.

Grayscale Investments had over $47.1 billion in funds under administration at the time of writing, with the AUM of its Read more

Why Bitcoin bulls remain upbeat despite primary BTC market metric falls to a new low.

Bitcoin's long-to-short ratio has fallen to a five-month low, but bears aren't biting, indicating that bulls remain in charge of Read more

What Exactly Is A Short Squeeze?

The term ‘risk' is one of the most widely used in the trading world. Betting on the success of any Read more

How to Trade Bitcoin Using the Money Flow Index

The Money Flow Index, or MFI, is a critical (but lesser-known) oscillator that can be used to perform technical analysis Read more

How enterprise blockchain applications are on the rise as companies becoming more aware of cryptocurrency.

Enterprise technologies that provide cross-border solutions and support the unbanked are gaining steam, and XRP, Stellar, and XinFin are seeing Read more

RECOMMENDED READ:  #RelistXRP achieves an objective, and here's the first exchange to relist XRP.
Decentralized finance is being tested by a major Thai bank.

Kasikornbank believes that asset-backed DeFi has the ability to generate economic value for Thailand. As part of its market growth Read more

Topps baseball card company and MLB working on official NFTs.

Topps Series 1 Baseball nonfungible coin collectibles will be released by the national card manufacturer in collaboration with Major League Read more

Physical Litecoin ETP will be listed on the German digital stock exchange.

Bitcoin and Ether ETPs are now available on the Deutsche Börse Xetra. The London-based ETC Group, which was responsible for Read more

How the use of blockchain technology has significantly increased the pace of rail trade between China and Europe.

Train cargos from China to Europe can now be shipped in days rather than months, thanks to the installation of Read more

“Crazy Cash”: Bitcoin turns yellow after a Simpsons episode depicts the BTC price surge to infinity.

The Simpsons, one of the most famous animated sitcoms in television history, has made a bullish bet for Bitcoin's worth. Read more

Leave a Reply

Contact Us