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Cryptela — Cryptocurrency News and Market Intelligence
Seeking Alpha 2021-02-09 14:37:27

Crypto trading platform Apifiny reportedly plans to go public, following Coinbase’s lead

Cryptocurrency trading platform Apifiny announced plans Tuesday to go public before year’s end, according to published reports.The San Francisco-based company offered few details, such as whether it expects to file a traditional initial public offering (IPO) or merge with a special purpose acquisition company (SPAC).The company’s Apifiny Connect platform reportedly gives institutional traders access to multiple crypto markets around the world at once, which the firm says allows clients to get the best pricing. Key exchanges that it has partnered with reportedly include Huobi Global, OKEx, Kucoin, BitMax and HBTC.Apifiny also operates ExOne Plus, which is a market-making platform that allows smaller exchanges to get liquidity.The crypto-news site Finance Magnates reported that the two-year-old company’s Bitcoin trading volume has quadrupled over the past three months to hit $898.5M.The company reportedly plans use funds from going public to finance aggressive expansion. “We think there’s more vertical ways to improve these products, like
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