Taiwan's MaiCoin Crypto Exchange Weighs Nasdaq Listing: Report

The exchange is considering a share sale within two years, though it has yet to reach a decision.

AccessTimeIconMar 18, 2022 at 10:38 a.m. UTC
Updated May 11, 2023 at 4:01 p.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

MaiCoin, a crypto exchange based in Taipei, is considering selling shares on Nasdaq within two years, Bloomberg reported, citing people with knowledge of the matter. A definitive decision, however, has yet to be made.

  • The exchange is completing a Series C funding round that may value the company at $400 million, Bloomberg said.
  • MaiCoin did not respond to a request for comment from CoinDesk.
  • The exchange makes the majority of its revenue from Taiwan, according to publicly available figures. It counts Taishin Venture Capital, a subsidiary of Taiwan’s Taishin Bank, as one of its investors.
  • Traders on the exchange are able to use the Taiwan dollar through domestic bank transfers. They can also buy crypto at many convenience stores.
  • MaiCoin expects trading revenue to rise more than 70% annually through 2025, documents reviewed by Bloomberg showed.
  • MaiCoin’s MAX exchange pushes around $20.4 million trading volume a day, according to data from CoinGecko.
  • A Taiwan dollar stablecoin project is also being backed by MaiCoin, but regulatory challenges from the island’s Central Bank may hamper its development.
  • Why Worldcoin Is Launching a Layer 2
    20:07
    Why Worldcoin Is Launching a Layer 2
  • Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
    02:17
    Polymarket Traders Bet on Fed Rate Cuts; Bitcoin Spot ETFs Register Five-Day Withdrawals Streak
  • Base Monthly Active Addresses Increased by 160% in March: Nansen
    00:50
    Base Monthly Active Addresses Increased by 160% in March: Nansen
  • Bitcoin Halving: We Answer Your Questions
    04:16
    Bitcoin Halving: We Answer Your Questions
  • 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 employees, including journalists, may receive 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.