an IPO for this year?

Investing in cryptocurrency industry infrastructure looks like a lucrative opportunity – one industry giant could go public this year, while another exchange’s valuation has significantly increased.

Source: AdobeStock / prima91

The cryptographic platform would consider an IPO which could take place as early as this year. For its part, the Indian cryptocurrency exchange CoinDCX Wednesday said it had received another capital injection, which now makes it a multi-billion dollar company. is reportedly currently in discussions with banks over the possibility of completing an IPO by the end of the year, Bloomberg reported on Tuesday, citing unnamed sources “familiar with the matter.”

These sources pointed out that the company’s IPO plans may still change and that listing may not take place until next year.

Founded in 2011 as a blockchain explorer for Bitcoin (BTC), is one of the oldest crypto platforms still in operation today.

After its last seed round in March, is worth around $ 14 billion. Among the main investors of the company are Bailli Gifford, Moore Strategic Ventures, Light speed and other.

Indian cryptocurrency exchange doubles its valuation

Meanwhile, CoinDCX said it received $ 135 million in funding in a Series D round. The round was led by steadview and the existing investor Capital Pantherwith the participation of Coinbase Ventures, Kingsway, DraperDragon, Republic And Relative.

Pantera believes that “we are in the early stages of the explosion of Web 3 use cases in the country, which could potentially make India one of the global leaders in the Web 3 space,” said Pantera. Paul Veradittakit.

After several funding rounds and the closing of the last one, CoinDCX said its valuation was $ 2.15 billion. The company claims it doubled its valuation in just eight months.

CoinDCX bills itself as the 3rd largest crypto and web company in India. The exchange would have a 24-hour trading volume of $ 25.8 million on Tuesday, second only to the rival exchange. WazirX which reportedly has a 24-hour volume of $ 26.4 million, according to CoinGecko.

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