RATE Group | Ripple’s CEO sees an era of IPO in cryptocurrency industry
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Ripple’s CEO sees an era of IPO in cryptocurrency industry

24 Jan Ripple’s CEO sees an era of IPO in cryptocurrency industry

Posted at 11:34h in Cryptocurrency News by

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Ripple’s XRP, the third-largest digital asset with the current market value of $9.4 billion has lost over 5% in recent 24 hours and hit the low of $0.2136 on Friday. XRP/USD is moving within a clear bearish trend amid expanding volatility.

Ripple may go to IPO

Speaking at the World Economic Forum in Davos, Ripple’s CEO Brad Garlinghouse said that initial public offering (IPO) is a natural evolution of any company.

“In the next 12 months, you’ll see IPOs in the crypto/blockchain space. We’re not going to be the first and we’re not going to be the last, but I expect us to be on the leading side… it’s a natural evolution for our company.”

Thus he said that in the coming years we would see an IPO boom in cryptocurrency and blockchain industry. He even hinted that Ripple might also launch an IPO. Some community members believe that this is a positive signal for Ripple as it will attract institutional investors to the project.

XRP/USD: technical…

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