Swedish Crypto Exchange BTCX Plans IPO in 2020

One of the oldest cryptocurrency exchanges in Scandinavia wants to go public later this year, hoping it will enable traditional investors to participate in “new finance.”

Oskar Soderstrom, CEO of Stockholm-based BTCX, confirmed to CoinDesk it is looking to deliver an initial public offering (IPO) before the end of Q3 2020. Corporate financial advisory firm Eminova Partners has been engaged to help file the offering, expected to take place in Sweden.

“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.”

Launching in 2012, BTCX supports trading in bitcoin and ethereum, with the Swedish krona and the euro as fiat funding options. It also features an “express” exchange facility, enabling transfers between digital and fiat currencies that complete in a matter of minutes. Users have to…