![]() ![]() Last year, CEO Zac Prince said BlockFi could go public as soon as late 2021. The company is using previous capital raised to expand its global footprint. BlockFi also offers trading services for nine cryptocurrencies. It offers loans to customers who must put up crypto as collateral. It pays customers a high interest rate (between 2% and 8%, depending on the crypto asset) for holding their cryptocurrency at the site. The Skinny: BlockFi was founded as a crypto-based alternative to traditional banks. In January, the twins told Bloomberg they were "definitely considering" taking the company public. As billionaires, they can easily fund Gemini themselves, so we have no estimated valuation. After winning a large award, the Winklevii started buying Bitcoin. (NYSE: FB) CEO Mark Zuckerberg of stealing their idea for a social network. The Skinny: Gemini is a crypto exchange run by the Winklevoss twins, Tyler and Cameron - who gained fame for accusing Facebook Inc. Kraken CEO Jesse Powell told CNBC that he is looking at taking his company public in 2022, probably via a direct listing. It added four times as many new users in Q1 of 2021 as it did in all of 2020. The Skinny: Kraken is the world's fourth-largest crypto exchange and has enjoyed explosive growth during 2021's crypto bull market. Valuation: $10 billion seeking a new round of funding that would increase it to $20 billion A date for the Robinhood IPO has not been set, but is expected this year.Įst. In March, Robinhood privately filed its S-1 with the SEC. The company reported earlier this month that 9.1 million customers traded crypto on its platform in Q1 of this year, a huge jump from the 1.7 million crypto traders it had in Q4. The Skinny: While Robinhood is primarily a stock-trading app, it has added cryptocurrencies - a portion of its business that is growing very quickly. Shares are expected to start trading on at least one blockchain-based exchange within nine months. The sale launched April 8 and will continue until $75 million worth of stock has been sold. Shares are priced at $27.42 each and can only be purchased with Bitcoin, Ethereum, or the USDC stablecoin. In a way, Exodus beat Coinbase to the punch in that it's using the SEC's Regulation A+ to offer shares of the company directly to the public through its app. The Skinny: Exodus is a crypto wallet that allows users to both store crypto as well as swap it for other cryptocurrencies within the wallet. I've also included three foreign-based crypto companies that have plans to list on the U.S. Some companies no doubt will be acquired before they even get to the IPO stage. The list below is in the approximate order we expect these startups to go public, but much can change for a company on the road to the public markets. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |