In its quest for growth and expansion, many crypto companies aim to subscribe through the first public offering (IPO) to be like other international companies that have a legitimate and legal presence in the global financial arena.

Number of cryptocurrency IPOs on the rise:

confirmed The BTCX platform announced its intention to launch an IPO in the third quarter of this year.

For information, the BTCX platform was founded in 2012 and is one of the oldest trading platforms in Scandinavia, offering the possibility of trading fiat currencies for both Bitcoin and Ethereum.

The INX platform is also taking similar steps as it has already Submitted Paper documents to the US Securities and Exchange Commission (SEC) for the launch of the IPO in New York.

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The INX platform hopes to raise $130 million.

INX targets institutional and corporate investors, and intends to offer a number of financial products.

There are many rumors circulating about major crypto projects, including Ripple and the subject of its public offering.

CEO Brad Garlinghouse declined to speak directly on the matter.

Similar rumors have also circulated about Coinbase, Binance and Bitmain.

Public offers will lead to action by government agencies:

Given the growing public interest in blockchain assets, the move toward IPOs doesn’t come as much of a surprise.

Nevertheless, such moves pose a formidable challenge to financial regulators.

In the US, the Securities and Exchange Commission has not yet fully determined the status of cryptocurrencies.

The same can be said for similar agencies in Europe and other parts of the world.

It seems that established companies that are focused on the topic of crypto are tired of waiting for regulatory guidance.

This patience is not surprising, as these institutions know that they can easily raise huge sums from the eager public to invest in the crypto market through the old financial system.

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The increased movement towards IPOs represents a major shift in market sentiment three years ago, when ICOs were in the crypto audience’s favor.

Unfortunately, most of them turned out to be wholesale failures, causing huge losses to many naive investors.

Thus, it is in the interest of government regulators to find a path to more legitimate investment in the crypto space, which should be in the form of public equity offerings for the time being.

Regardless of regulatory moves, blockchain-based companies will soon seek to raise public funds in ways that are acceptable to regulators.

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