- Cryptocurrency trading platform, Apifiny, could go public before the end of the year
- The blockchain startup connects the entire global crypto exchanges, offering a single market window to all traders
- There are currently 24 registered crypto exchanges on Apifiny and would expand its services after going public
The San Francisco-based digital asset trading platform, Apifiny has revealed plans to follow in the step of Coinbase in going public before the end of 2021.
In the past few months, the blockchain startup has aggressively expanded its crypto exchange partnerships. In April, Apifiny launched an institutional platform, GlobalX, to connect exchange liquidity. On GlobalX, institutions can trade on every single crypto market simultaneously.
In October, Apifiny Apifiny partnered with the Singapore-based on-chain custodians to launch a pilot Program – the Roxe Network. In September, the leading fintech company partnered with ESC Fin to bring blockchain payments to banks.
Apifiny To Go Public Soon
Following in the footsteps of Coinbase and INX, Apifiny has revealed that it will use the funds raised through the listing to finance an aggressive expansion this year. This move comes as the blockchain startup seeks to accelerate its growth.
Speaking to Finance Magnates, a spokesperson of the Apifiny stated that;
We’re considering going public to help accelerate our growth even further. We’re executing the plan and aiming to finish the process by the end of this year
Deferring to release more information in their upcoming public launch, he explained that Apifiny is currently evaluating a number of options at the time. It is also unclear if it will go with an initial public offering (IPO) or take the convenient SPAC route.
On the Flipside
- A new crypto VC fund has been attracting wall street billionaires and LL Cool J
- The VC fund was launched by Glenn Hutchins, his son James Hutchins and partner Travis Scher
- This continuous mainstream investment indicates that cryptos are still going institutional
Apifiny: The Single Window for Crypto Trading
The blockchain startup, Apifiny, connects the entire global crypto exchanges, offering a single market window to all traders. Via Apifiny, U.S.-based traders can access foreign crypto exchanges and claim the best offers available across globally connected exchanges.
Currently, there are 24 registered crypto exchanges on Apifiny. 10 of these exchanges were added in the last 3 months, as the startup continues to aggressively expand.
Some of the major exchange partners currently on Apifiny are Huobi Global, OKEx, Kucoin, BitMax, and HBTC. Apifiny also supports spot exchanges with plans to add derivatives exchanges in the coming days.
Apifiny and Crypto Regulations
Partnering with different crypto exchanges could mean having to file for different regulatory licenses. When asked about the regulatory complications, Apifiny explained:
There are two parts to address here: One is when we become an exchange’s client, another is when an exchange becomes our client. When we become an exchange’s client, local regulations rather than US regulations will come into play.
Apifiny further explained that while some exchanges will avoid taking on U.S. clients, some others would. The startup explained that it tries to connect to the best crypto exchanges that are comfortable with U.S. clients.