Crypto Trading Platform Apifiny Plans to Go Public

The San Francisco-based firm did not say if it would choose a direct listing.

AccessTimeIconFeb 9, 2021 at 1:30 p.m. UTC
Updated May 9, 2023 at 3:15 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Crypto trading platform Apifiny is planning to go public by the end of 2021, the company announced Tuesday. 

Following in the footsteps of Coinbase and INX, San Francisco-based Apifiny plans use the funds raised through the listing to finance an aggressive expansion this year,  

“We think [there are] more vertical ways to improve these products,” said Haohan Xu, CEO of Apifiny. These include “having better algorithms, faster connections, having more robust servers that can process more transactions per second.”

The firm’s main two product lines include Apifiny Connect, which lets institutional traders access cryptocurrency exchanges around the globe, and ExOne Plus, a market-making platform for smaller exchanges that need liquidity. Apifiny says it uses its connections to exchanges around the globe to enable better price discovery, which it uses to hedge trader’s positions.

In the past few months, the firm has added Crypto.com, Huobi Global, OKEx, Kucoin, BitMax, HBTC and Blockchain.com to its list of exchange partners.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk offers all employees above a certain salary threshold, including journalists, stock options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.