Coinbase May Soon Launch an Initial Exchange Offering Platform
Coinbase's head of institutional sales in Asia alluded to a forthcoming IEO product from the crypto exchange at an Invest: Asia panel on Wednesday.
The new platform uses Tron's TRX token for purchases and its first project is within the Tron fold.
The SEC warned investors that initial exchange offerings, while claiming to be different from initial coin offerings, may still violate federal securities law.
A Chinese video streaming copycat service raised $2.1 million via an initial exchange offering in August 2019, but it appears this last resort wasn’t enough to save the company.
Huobi Russia now accepts ruble deposits and will soon have its own exchange token listing service for the Russian market.
Bitfinex and a blockchain project launched by Kim Dotcom have "mutually agreed" to part ways, scuppering an IEO for the kimcoin token.
The ICO market might have cooled, but there's still fundraising going on in the blockchain space – it's now being done through the IEO, or initial exchange offering, and we break down how this mechanism is different our latest explainer video.