Representatives of the Swedish cryptocurrency trading platform BTCX announced their intention to hold an initial public offering by the end of September 2020, company CEO Oskar Soderstrom confirmed this information.
He believes, this initiative will attract investors from traditional markets. Also, he thinks that an IPO should increase the transparency of the industry for financial regulators.
“Our aim is to bring bitcoin to the masses and to bridge the gap between new and traditional finance,” Soderstrom wrote in an email. “Being in new finance, a listing of the company via a traditional route feels like a natural progression to achieve that goal.”
The BTCX cryptocurrency exchange began its work back in 2012, the list of its coins is short: Bitcoin and Ethereum. There is also the possibility to exchange digital currencies to fiat on the site.
Recall, earlier we wrote that the Deribit derivatives exchange officially goes under the jurisdiction of Panama.