Crypto Trading Terminal Aurox Plans to Go Public in 2022

The path to a listing could involve a SPAC merger, said Aurox CEO Giorgi Khazaradze.

AccessTimeIconFeb 1, 2022 at 2:00 p.m. UTC
Updated Apr 10, 2024 at 2:29 a.m. UTC

Aurox, a cryptocurrency trading terminal that places orders and matches them across multiple exchanges, intends to go public later this year, according to the platform’s CEO, Giorgi Khazaradze.

The specific path to a listing is still being worked out, Khazaradze told CoinDesk, but the firm is considering a series of options, including a SPAC (special purpose acquisition company) or reverse merger with an already public company, he said.

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  • While other crypto firms – led by Coinbase and including Bakkt and others – took to the public markets in 2021, a non-exchange going public is still rare in the world of digital assets (save for a bumper crop of bitcoin mining firms).

    Founded in 2017, the Aurox trading terminal was launched in September 2020 and has gathered some 60,000 users to date, all done on an entirely self-funded basis, eschewing VC involvement, Khazaradze added. Neither has the platform completed any pre-sales of the Aurox token (URUS), launched in February 2021.

    “One of the issues is that since we self-funded everything, we’re competing against companies that are raising $20 million at the drop of a hat,” said Khazaradze. “But we don’t want to go that route.”

    Khazaradze said advisers to the firm have suggested a Nasdaq listing, and there are a couple of options when it comes to pursuing that.

    “We’re hoping to be public by 2022. We’ve already gone through multiple steps with our attorneys,” he said.

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    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 employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Ian Allison

    Ian Allison is an award-winning senior reporter at CoinDesk. He holds ETH.


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