RATE Group | First Cryptocurrency IPO on London Stock Exchange Raises £25 million
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First Cryptocurrency IPO on London Stock Exchange Raises £25 million

06 Aug First Cryptocurrency IPO on London Stock Exchange Raises £25 million

Posted at 01:22h in Cryptocurrency News by

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The London Stock Exchange has listed its first cryptocurrency company – Argo Blockchain, a cryptocurrency mining company, according to the Daily Telegraph. The company has already raised £25 million.

“Amazon Web Services of crypto”

Argo lets customers mine Ethereum, Ethereum Classic, Bitcoin Gold and ZCash with its own mining equipment. They pay a monthly fee and get rewards in proportion to the money they put in. There are three packages on the website – small, medium, large – which are all marked as sold out on the website. According to the report, the cheapest package costs 18 pounds.

Time to buy the dip?

It does not offer any kind of cryptocurrency storage.

Executive Chairman Jonathan Bixby said: “We have launched this service to take the pain and heartache out of participating in the biggest new technology breakthrough since the launch of the internet.”

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