RATE Group | Swedish cryptocurrency exchange reveals plans to hold an IPO
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Swedish cryptocurrency exchange reveals plans to hold an IPO

18 Jan Swedish cryptocurrency exchange reveals plans to hold an IPO

Posted at 12:30h in Cryptocurrency News by

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One of Scandinavia’s oldest cryptocurrency exchanges, BTCX, recently announced plans to hold an Initial Public Offering (IPO) later in 2020. The plan comes with the hope that this move would allow traditional investors to take a greater role in ‘new finance,’ and bring Bitcoin closer to the masses.

The exchange’s CEO, Oskar Soderstrom, revealed
that the plan is to try and hold an IPO before the end of Q3 of this year.

BTCX hopes that an IPO would
bring more transparency

As mentioned, Sweeden’s BTCX is one of the oldest
exchanges in Scandinavia, and it has been in business since its launch in 2012.
It supports Bitcoin and Ethereum, which are paired against EUR, as well as the
Swedish krona. Apart from regular trading, the exchange also has an ‘express’
exchange facility, where crypto and fiat currencies can be transferred within
minutes. It also has strong KYC and AML procedures in place.

Its turn to IPO does not really come as a surprise since it is far from being…

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