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

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Crypto Regulation
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Cryptocurrency platform CryptoBitrixis 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, CryptoBitrixis 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.

CryptoBitrixis 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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Megan Sheets

Megan is an adventurous person who likes to explore topics in-depth and learn new things each day. His passion lies in gaining knowledge to help transform the world through his writing skills. He also believes in blockchain technology and its potential to usher in a cashless society. Currently, he is pursuing a Computer Science Bachelor’s degree driven by his fascination with emerging technologies. He has writing experience of about three years in different fields and two in blockchain technology.