Crypto Trading Platform INX Raises $125 million

Crypto trading platform INX has raised $125 million in a Series A funding round. The financing was led by famous venture capital firm Andreessen Horowitz. In addition to the funding, Andreessen Horowitz general partner Jeff Jordan will be joining the crypto trading platform INX board of directors. The company plans to use the funding to expand its operations in the U.S. and abroad.

INX, a major crypto trading platform, has announced that they have raised $125 million in funding from a list of well-known investors. The company is planning to use this money to launch a new crypto trading platform by the middle of next year. The company’s goal is to create a platform that will be more “stable” than the existing crypto trading platforms.

Blockchain-based crypto-currency trading platform INX Ltd has raised an estimated $125 million through token and share offerings.

The Ethereum-based IPO sold $85 million in tokens and saw participation from more than 7,200 retail and institutional investors. The remaining $40 million was raised from the private sale of tokens and a pending private placement of C$39.6 million ($32.2 million) in Canada, prior to the Company’s listing on the TSXv.

The IPO is unique in that it is the first blockchain security token IPO registered with the SEC. The U.S. Securities and Exchange Commission (SEC) has accepted as valid a registration statement on Form F-1 filed in connection with an initial public offering (the offering) of up to 130 million INX security tokens (INX Tokens or Tokens) announced by the Company in August 2020.

INX is trying to raise $117 million to make its vision and plans a reality. The company has also set a minimum for itself to raise $7.5 million in dollars, not cryptocurrencies. After achieving its goal, INX began accepting Bitcoin, Ether and Stablecoin USDC as payment for its INX tokens. In terms of minimum investor requirements, INX has set a minimum amount of $1,000 for a $0.90 token.

Shai Datik, president of INX, said: When we founded INX in 2017, we had a vision for a new future, which we called Capital Markets 2.0…. Cryptocurrency exchanges are coming to the fore. A new and revolutionary technology is introduced. We believe that most financial assets will soon move to blockchain.

With a successful IPO, we are well positioned to realise our vision of shaping the future of capital markets through new and exciting financial instruments – based on Blockchain and digital assets. I want to thank our leaders, partners, community and advisors for making this vision and journey possible, he added.

Investors

INX says it aims to make investing more inclusive by attracting investors of all ages and incomes, and the sale of the INX token has helped it achieve that goal.

Institutional and private investors from 75 countries participated in the IPO. A-Labs Advisory and Finance Ltd. acted as advisor for the international placement of the token. There was also a great variety in terms of age: At 30%, the 40-49 age group was the largest in percentage terms. Twenty-six percent were between 30 and 39 years old and 24 percent were between 50 and 59 years old. The remaining 11% were over 60 and 9% were under 30.

The choice of payment method is also limited. Fifty-four percent of investors used one of the three permitted cryptocurrencies, while 46 percent used the U.S. dollar. According to INX, more than 60,000 investors were unable to participate due to Blue Sky (Blue Sky is a set of rules designed to deter fraud in the sale of securities).

O INX

INX is a Gibraltar-based company that operates mainly from the United States. The company’s trading platform is currently only available to investors, their family members and friends. For more information about the company and its trading platform, visit the official website.

This source has been very much helpful in doing our research. Read more about where to buy inx ipo and let us know what you think.

Related Tags:

is inx a good investmentinx ipois inx token worth itwhere to buy inx ipois inx legitinx limited,People also search for,Privacy settings,How Search works,is inx a good investment,inx ipo,is inx token worth it,where to buy inx ipo,is inx legit,inx limited,inx ipo date,how to buy inx token

Recent Articles

How to Buy Everex (EVX) | Step By Step Guide 2018

Everex is a platform that aims to bring the benefits of blockchain technology to emerging markets. With its own cryptocurrency, EVX, Everex allows users...

Visa and Worldpay Take Blame for Erroneous Charges on Coinbase

A recent report from the Wall Street Journal revealed that two of the largest payment processors, Visa and Worldpay, were responsible for erroneously charging...

Conflux Network Price Prediction – How Much Will CFX Be Worth in 2021?

Conflux has a bright future ahead of it. With the release of their new platform and the upcoming changes, we believe that this coin...

How Long Does it Take to Mine a Bitcoin?

Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. Mining is...

Siacoin Price Prediction for 2020, 2022, & 2025 – Crpyto Coin Society

Siacoin is a decentralized storage platform. The company’s goal is to provide a decentralized cloud storage network, which will allow users to store and...

Related Stories