Binance IPO, the rumour has been denied
Crypto

Binance IPO, the rumour has been denied

By Rossana Prezioso - 7 Sep 2018

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Binance has no intention to be listed on the Stock Exchange.

The denial comes directly from Binance’s CEO, Zhao Changpeng, following the rumours circulated in the morning, according to which the cryptocurrency exchange was moving towards an initial public offering (IPO) in the wake of what was already announced by the fintech startup Robinhood.

This is Changpeng’s statement directly from Twitter

 Binance has no plans for an IPO, but that doesn’t make those experiences less valuable in our new industry.

On the contrary, those are very much needed”.

But if on the one hand, Binance says no to Wall Street, on the other, Bitmain, one of the largest manufacturers of mining hardware continues the process for its Stock Exchange listing, with a strong pre-IPO collection of $1.1 billion and a valuation between $14 and $15 billion.

Rossana Prezioso
Rossana Prezioso

Passionate about the new frontiers of online publishing, she decided to further deepen her knowledge by dedicating herself to the study of cultural and economic changes derived from the emergence of hi-tech finance, developing the themes concerning new business models related to it and the geopolitical influences of the new cryptocurrency economy.

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