Blockchain Startup Apifiny Plans to Go Public

Apifiny, a global digital asset trading network, revealed on Tuesday its intentions to go public, which will help the company to accelerate its growth. This came after the firm inked scores of deals with several crypto exchanges.

“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,” a company spokesperson told Finance Magnates.

However, the company refused to disclose any further details or even its financials. Additionally, it is unclear if it will go with an initial public offering (IPO) or take the convenient SPAC route.

“We’re evaluating a number of options right now, but we cannot disclose where or how just yet,” the spokesperson added.

Creating a Single Window for Crypto Trading

Apifiny connects to the global cryptocurrency exchanges and offers a single market window to the traders. It facilitates access to foreign crypto Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term for US-based traders and claims to offer the best available pricing globally across connected exchanges.

The startup is aggressively expanding its industry partnership and added ten new cryptocurrency exchanges over the last three months, taking the total number to 24. Some of the key exchange partners are Huobi Global, OKEx, Kucoin, BitMax and HBTC.

Though the platform only supports spot exchanges now, it has plans to add derivatives exchanges as well.

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.”

“Most of the exchanges play it safe by not taking on US clients, while some others do. We try our best to connect to every exchange that is comfortable with U.S. clients. When we take on an exchange as a client, unless the exchange is from or has ties with sanction list countries, then we do our best to connect with that exchange.”

The California-based company grew significantly since its inception in 2019 and the trading volume on it grew 4 times over the last 3 months to $898.5 million in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term.