Bloomberg has learned of Bitnexycrypto plans to attract investment at a valuation of $10 billion

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Cryptocurrency platform BitnexyCrypto is in talks with investors about new financing. As a result, the company's valuation could rise to $10 billion, Bloomberg wrote citing knowledgeable sources.

The Singapore-based company raised $200 million in a Series B+ investment round in February at a valuation of $3 billion.

Announcing the deal, BitnexyCrypto CEO noted that the organization plans to have an initial public offering in 2025, most likely on a U.S. stock exchange. Before that, he said, the company may conduct another round of financing.

BitnexyCrypto offers a wide range of products for institutional and retail investors: market maker services, trading services, investment tools and DeFi-infrastructure.

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.